US President Donald Trump has issued a fresh threat to China, warning of additional 50% tariffs unless Beijing withdraws its retaliatory trade measures.
The ultimatum, posted on Truth Social, demands that China reverse its “34% increase above their already long-term trading abuses” by April 8, 2025, or face steep new duties effective the following day.
“If China does not withdraw… the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump declared. He added that all discussions with Chinese officials would be cancelled if the country fails to comply. “Additionally, all talks with China concerning their requested meetings with us will be terminated!” he wrote.
The warning comes as global markets continue to reel from rising trade tensions and recession fears. Despite the rout, Trump remained defiant, urging supporters to stay the course: “Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
The Dow Jones tumbled 800 points and the S&P 500 edged closer to bear market territory after Donald Trump threatened to impose higher tariffs on China.
Also read: US Stock Market LIVE: Dow Jones falls 770 points after Trump threatens more tariffs on China
Global equities plunged on Monday as investors fled to safe-haven assets, rattled by deepening tensions between the US and China. The selloff intensified after Beijing imposed 34% retaliatory tariffs on all US imports over the weekend, prompting fears of an escalating trade war.
Markets across Asia—from Sydney to Tokyo—opened sharply lower, dragging down commodities like oil and copper.
In India, the Nifty 50 staged a sharp intraday rebound on Monday, April 7, but still ended the session 743 points lower—a tough day for the bulls despite the late recovery.
The index clawed back nearly 500 points from its lows to close at the day’s high, offering a sliver of relief. Notably, it managed to end above the crucial March 4 low of 21,964, despite breaching it during the session, hinting at some resilience in the face of heavy selling.
Also read: Stock Market Crash: Nifty ends 743 points lower in ₹13 lakh crore rout but recovers from the lows
The escalating rhetoric has stoked investor anxiety, with concerns mounting that the standoff could trigger a deeper downturn in both the US and global economies. Beijing has yet to issue an official response to Trump’s latest comments.
