{"id":53772,"date":"2025-04-08T09:11:06","date_gmt":"2025-04-08T09:11:06","guid":{"rendered":"https:\/\/new.igihe.com\/trump-threatens-to-impose-additional-50-tariff-on-china\/"},"modified":"2025-04-08T09:08:36","modified_gmt":"2025-04-08T09:08:36","slug":"trump-threatens-to-impose-additional-50-tariff-on-china","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/trump-threatens-to-impose-additional-50-tariff-on-china\/","title":{"rendered":"Trump threatens to impose additional 50% tariff on China"},"content":{"rendered":"

The warning follows China’s announcement of a 34% levy on American goods, a response to Trump\u2019s earlier imposition of similar duties under his \u201cLiberation Day\u201d policy, which introduced a global 10% minimum tariff and a specific 34% charge on Chinese imports.<\/p>\n

Posting on his social media platform Truth Social, Trump gave Beijing a tight deadline to reverse its decision or face what would be one of the most aggressive tariff increases in recent trade history. <\/p>\n

\u201cAny country that retaliates with further tariffs will be met with significantly higher tariffs from the U.S.,\u201d he declared, singling out China for what he called \u201cdecades of abusive trading practices.\u201d<\/p>\n

Should the threat materialise, combined U.S. duties on Chinese goods would soar to a staggering 104%, accounting for previous rounds of tariffs including a 20% charge implemented in March and the recent 34% increase.<\/p>\n

The Chinese embassy in Washington fired back, labelling the move as “economic intimidation” and a “textbook example of protectionism.” <\/p>\n

Spokesperson Liu Pengyu said Beijing would not bow to pressure and vowed to defend its economic interests through “firm countermeasures.”<\/p>\n

Trump\u2019s stance has rattled global financial markets, which have been jittery since the introduction of sweeping tariffs earlier this month. <\/p>\n

Stock indices across Asia and Europe recorded sharp losses on Monday, with Hong Kong\u2019s Hang Seng experiencing its worst single-day drop since the late 1990s. U.S. markets also opened in the red, continuing a week-long slide driven by fears of a deepening trade standoff.<\/p>\n

Despite growing anxiety among investors and trade experts, Trump doubled down, suggesting that negotiations with countries seeking exemptions or revisions to tariffs would proceed\u2014but on U.S. terms.<\/p>\n

\u201cWe\u2019re not backing down,\u201d he told reporters outside the White House, adding that other nations must come forward with \u201cfair and balanced proposals.\u201d<\/p>\n

He also revealed that trade discussions had begun with both Japan and Israel, while accusing the European Union of building barriers intended to disadvantage the U.S. <\/p>\n

\u201cThey were set up to hurt American trade,\u201d Trump claimed, dismissing recent EU offers to negotiate reciprocal tariff cuts.<\/p>\n

Critics argue that the administration\u2019s tariff campaign is likely to drive up consumer prices. According to an analysis from the Yale Budget Lab, American households may already face an additional $3,800 in annual costs due to rising import duties\u2014excluding the potential 50% tariff hike.<\/p>\n

Still, Trump maintains that tougher trade policies are necessary to level the playing field. \u201cIt\u2019s not just about tariffs\u2014it\u2019s about fairness,\u201d he said. \u201cAmerica has been taken advantage of for too long.\u201d<\/p>\n

Currently, China\u2019s top exports to the U.S.\u2014which include electronics, computers, and consumer goods\u2014stand to be most affected by the proposed hike. Meanwhile, American products hit by Chinese tariffs include key exports like grains, aircraft, and pharmaceuticals.<\/p>\n

\"The<\/figure>\n","protected":false},"excerpt":{"rendered":"

U.S. President Donald Trump has intensified his trade offensive against China, warning that an additional 50% tariff on imported goods could be imposed as early as Tuesday if Beijing does not withdraw its latest retaliatory measures.<\/p>\n","protected":false},"author":131,"featured_media":2000085200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-53772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":131}],"featured_image":{"id":2000085200,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/https___cms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com_images_1_3_7_7_49307731-6-eng-gb_cropped-1744040861photo.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/https___cms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com_images_1_3_7_7_49307731-6-eng-gb_cropped-1744040861photo.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/https___cms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com_images_1_3_7_7_49307731-6-eng-gb_cropped-1744040861photo.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/https___cms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com_images_1_3_7_7_49307731-6-eng-gb_cropped-1744040861photo.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/https___cms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com_images_1_3_7_7_49307731-6-eng-gb_cropped-1744040861photo.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/https___cms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com_images_1_3_7_7_49307731-6-eng-gb_cropped-1744040861photo.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=53772"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000085200"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=53772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=53772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=53772"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=53772"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=53772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}