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Trump threatens new 50% tariffs on China if Beijing doesn’t remove retaliatory duties

  • President Trump is threatening to impose additional tariffs of 50% on China if it does not remove its new 34% tariffs by April 8, 2025.
  • Trump's new tariffs could increase the total tariff rate on Chinese goods to 104% if implemented.
  • European Commission President Ursula von der Leyen has warned of possible countermeasures if no trade agreement with the Trump administration is reached.
  • The stock market dropped significantly due to concerns over Trump's escalating tariffs affecting global economics, with the Dow Jones down by 744 points.
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Forbes broke the news in United States on Monday, April 7, 2025.
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