Breaking: 🇺🇸🇨🇳 President Trump threatens to impose an additional 50% tariff on China if it does not withdraw its 34% increase
In a new move that raises concerns in global markets, U.S. President Donald Trump has stated that he is considering imposing an additional 50% tariff on Chinese products, in response to China's decision to raise tariffs on American goods by 34%.
This escalation comes after trade negotiations between the two countries failed to reach a compromise, as Trump seeks to pressure China to retract these increases, which he deems unfair and harmful to the U.S. economy.
This threat from Trump could lead to further volatility in global financial markets, amid investor fears of a full-scale trade war between the world's two largest economies, which could impact international trade and commodity prices in the coming period.