Trade Trump threatens to further increase tariffs against China
China has responded to US President Trump's policy with counter-tariffs. He is now threatening further escalation.
07.04.2025, 17:55
07.04.2025, 18:07
SDA
US President Donald Trump is threatening to increase tariffs against China by a further 50 percent despite a global stock market slump. He is giving Beijing until Tuesday to withdraw the counter-tariffs of 34 percent, Trump wrote on his Truth Social platform. Otherwise his new tariffs would come into force on Wednesday.
Trump went on to write that China had imposed the "retaliatory tariffs" of 34 percent despite his warning that he would impose further tariffs if a country took such countermeasures.
In a previous post, Trump had described China as the "biggest culprit". He wrote that the markets there were on a downward spiral, even though Beijing had announced counter-tariffs of 34% on US imports.
Trump's course is causing uncertainty worldwide. The markets are under pressure. US Federal Reserve Chairman Jerome Powell recently warned of rising inflation and slower economic growth in the US.
White House calls possible suspension fake news
The White House firmly rejected speculation about a possible suspension of the huge US tariff package. A government representative spoke of "fake news". Previously, such rumors had caused strong fluctuations on the stock markets, particularly on social media.
Now that the first part of Trump's huge tariff package has come into force, further measures are to follow on Wednesday. Further significantly higher tariffs are planned for countries with which the US has a particularly large trade deficit in the view of the government.
These include China and the EU. The US government has calculated a separate percentage for each affected country, which will serve as the basis for the new tariffs. Flat import tariffs of ten percent on goods from almost all countries had already come into force on Saturday.
The US President appeared outwardly unimpressed by the stock market slump. He wrote that oil and food prices had fallen - and that there was "no inflation". According to experts, however, the fall in oil prices is more a reflection of growing fears of recession and thus falling demand. Economists also expect that the new tariffs will cause food prices in the USA to rise.
