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WASHINGTON (TNND) — President Donald Trump threatened Monday to increase tariffs on China again if Beijing doesn't remove the 34% retaliatory tariffs it placed on the United States.
"If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th," Trump wrote on Truth Social.
The president added that all talks requested by China would be terminated and "negotiations with other countries, which have also requested meetings, will begin taking place immediately."
The Chinese government announced Friday that it would match Trump's 34% tariffs on goods from China with its own 34% tariff on imports from the United States.
“This practice of the US is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” a statement from China's State Council Tariff Commission read.
China’s Finance Ministry said the tariffs would start on April 10 while urging the U.S. to "immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and mutually beneficial manner."
If Trump goes through with the 50% tariff in addition to the 34% reciprocal tariff announced last week and the 20% already in place, it would make for a potential 104% total tariff.
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