• President Donald Trump gave Beijing a day To withdraw its revenge on his latest tariff salvo, or if he does not add up to 50% of Chinese imports. Last week, Trump imposes a fresh 34% Levy on top of his first 20% tariff. If he followed his newest threat, the total tariff of China would hit 104%. And if he executed the “secondary tariff” in China for buying the oil in Venezuela, it could reach 129%.

US-China War Trade can be more hot as President Donald Trump Beijing has threatened with an additional 50% tariff unless it returns from recoiling at first tariff.

Last week, Trump was imposing a 34% office in China, which increased his first 20% Levy. China replied with 34% of US self-import tariff.

To a Social Story Truth on MondayTrump explained that he used to warn any revenge “immediately to meet with new and highly high tariffs, over the first specified.”

“Therefore, if China does not withdraw 34% increase in their long term trading abuses, April 8%,” in addition, “added, all the talks in China are about us to end!”

Meanwhile, negotiations in other countries begin to take immediate, Trump said. “Thank you for your attention to this thing!”

Stocks remain deep in red after his threat. the bow The Jones industry average at 700 points, or 1.8%, while S & P 500 fell 1.2% and the Nasdaq 1% lost.

If Trump followed his most recent threat, the total Chinese tariff appears to be hit by 104%. And when he / she imposes “Tariffs Targets” In China for buying the venezuelan oil, it can still reach 129%.

The US Chinese Embassy does not immediately respond wealthComment request for comment.

UBS analysts warn the The total effective US Tariff rate can climb as much as 30% From 25% below Trump’s plans today, as a cycle of revenge and increasing play.

According to data fromFitch RatingA 25% effective tariff rate is highest from 1909. And if it reaches 30%, it is the highest from 1872.

But in the third quarter, UBS saw the tariffs beginning to deal with Trump’s deal with further business, and 10% -15%, despite high levels of 2.5%. In fact, Main Names of Wall Street began to seduce their concerns with tariffs.

But on the weekend, Trump gave and his staff No backing signsFrom their trading war, even if the stock-market slowoff wiepes $ 6 trillion in the market cap.

Administration officials say Sunday More than 50 countries Trump’s new tariffs are targeted to start negotiations. Vietnam also confirms that it has Offer to remove all tariffs To our import attempt at the 46% notified of the Levy Trump.

On Monday, Trump doubled his message that Americans must suffer some pain to achieve his intention to change trade relationship.

“Don’t be disappointed! Don’t be afraid! Don’t be a panican (a new party based on weak and stupid people!) He wrote toSocial fact.

This story originally shown Fortune.com

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