Trump Threatens to Double Chinese Tariffs if Talks Fail, Leading to Market Decline

Donald Trump has issued a threat to impose additional tariffs of 50% on Chinese goods unless Beijing withdraws its retaliatory tariffs against US imports. The deadline for action is Tuesday, April 8th, 2025, following China’s announcement of their own 34% tariffs on all US goods starting April 10th. This escalation comes after Trump added his own 34% tax to Chinese imports last week in response to reciprocal tariffs initiated by the White House. This escalating trade conflict has already led to a decline in financial markets, as investors anticipate potential devaluation of the yuan against the dollar.