The American President Trump threatens to impose an additional 50% tariff on China if it does not retract its 34% increase 🔥

He just warned that if China does not withdraw its new 34% tariff increase, the United States will respond with an additional 50% increase! 💥📈

Here’s what this simply means:

▪︎ China raised taxes on American goods = More expensive trade 🚢💸

▪︎ Trump’s response? Raise American tariffs further = Counter pressure on China ⚖️🔥

▪︎ This could mean more tension, rising prices, and unstable markets in the short term 📉

What traders are watching:

▪︎ Will China back down?