
President Donald Trump Threatened to impose an additional 50% tariff on goods imported from China in a post on his social media platform Truth social on Monday. The total tariff of China will climb 104% if the country will not turn off and drop 34% Retaliatory tariffs informed by one’s own 34% increase in things from the US last week. And Trump’s new threat is not exactly calming nerves to anyone.
“If China does not retreat 34% increase above their long term trading-abuses, April 8, 2025, the United States will suffer more than 50%,” Trump wrote.
Trump introduces a new 34% tariff of Chinese goods on April 2 of his odd “Day Liberation” in Rose Garden in What Hour. But that tariff is already in a high 20% tariff of imports from the country. If the Trump passes his threat, it seems that the total tariff is worth 104%, even if it is not completely clear if that is the ceiling.
As always, Trump’s threats on Monday give a little clarification on how everyone can work. If the President made his announcement of tariffs last week, complete with a Today-bad chartMarket analysts and journalists are left confused about what the numbers he showed. Knowing that Trump makes fake numbers showing those with tariffs in our items. In fact, the White House uses an equation of meaningless.
Arrival at its numbers, the White House took a trade deficiency in each country divided by total imports from the US country and then divided in the middle of Find the tariff. If the US has an excess trade in a country, it still gets a baseline tariff of 10%. For example, Australia is more from the US than it exports but still hit a 10% tariff of all used to Americans.
Trump gives some loaves of hope that his tariffs in other countries outside China for negotiation, according to his latest social truth.
“In addition, all talks in China are about their requested meetings with us will end! The negotiations in other countries, who also start coming soon.” Trump ended his truth the social post.
Markets quit Monday, first falling in tomorrow but after recovering a person’s short tweeting news of X. Bloomberg breaking wire services. Erik Wasson, a journalist for Bloomberg News, Either tweeted Monday people don’t have to trust Walter Bloomberg account, writing “he doesn’t work for us and not allowed by Bloomberg.” Walter Bloomberg tweeted that White House thinks of a 90-day stop In all tariffs, apparently because Trump Adviser Kevin Hassett discusses the interview with Fox News Two hours at first where he was asked about such an acknowledgment of such a change.
Kilmeade: Will Trump think about 90 days stop at tariffs?
Hassetst: I think the President will decide what to decide the President … even if you think you have a negative impact from GDP
– Aaron Rupar (@ atrupar.com) April 7, 2025 at 5:33 am
Hassett replied “I think the President will decide what to decide the President,” which is actually said he did not know. But the stupid phone game our modern internet has taken it as the gospel to stop tariffs, send markets with a positive territory before it crashes the White House “fake news. “
Congress has the power to execute tarips under article I, Section 8 of the US Constitution but the President has allowed Tarko in a national emergency. Trump imposes these global tariffs because he says trade deficiencies an “emergency.” Chuck Grasley, a Republican from Iowa, introduced a bill Last week to claw some of that power. And as Monday, the bill has seven Republican advocates, according to Nali nbc news. But even though the bill passed the Senate, it seemed unreal to come to a house vote, where Mike Speaker Mike Johnson, was a Republican who had no power to Congress.
No one knows what the rest of the week is for the worldly economy, but it seems like it can be taken from here. And it’s almost completely wrong with a guy if you don’t count the Republicans that enable this folly. Trump is playing chicken with a global economy. And the choice of a fight around the world doesn’t work well in history for the fighting country.