President Donald Trump on Monday threatened to impose an additional 50 percent tariff on China if Beijing does not withdraw its retaliatory measures on U.S. goods.
In an April 7 Truth Social post, the president said the Chinese communist regime will have until April 8 to reverse its decision. If China fails to comply, Trump will implement the new tariffs on April 9.
Last week, China announced 34 percent retaliatory tariffs and other trade measures in response to the administration’s April 2 reciprocal tariffs. Trump warned China not to retaliate against the United States because it “will be immediately met with new and substantially higher tariffs, over and above those initially set.”…