“This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34 percent, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate.”
What happens next?
China is likely to retaliate if Trump is serious about imposing a combined 104 percent levy on Chinese goods and China doesn’t change its reciprocal duty. And so on, until an agreement is reached or at least a negotiation halt is established.
While many US investors, including billionaire and Trump supporter Bill Ackman, urge for calm and a “timeout” to reduce risks, financiers warn that global stock markets will continue to fluctuate in the midst of the chaos.
China issues warning to US over ‘pressure and threats’ in scathing response to Trump’s tariffs
China has retaliated against Donald Trump’s tariff announcement, which has undoubtedly upended the global economic scene.
President Donald Trump announced last week that the United States would impose tariffs on a number of countries, including China.
Trump proceeded with his economic plan, which he dubbed “Liberation Day,” in spite of opposition from both allies and trading partners. He maintains that it will ultimately benefit the American people.
The President of the United States declared, “This is Liberation Day,” when speaking in the Rose Garden at the White House on April 2. After much anticipation, April 2, 2025, will go down in history as the day that American industry was revitalized, that America’s future was recovered, and that we started the process of “Making America Wealthy Again.”
