US President Donald Trump warned China via Truth Social platform on Monday that he would impose 50% extra tariffs unless Beijing removes its retaliatory duties by April 8.
"Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th," he wrote.
Yesterday, Trump reiterated that the US would not discuss tariffs with China until the $1 trillion trade imbalance is "solved" after the Asian powerhouse responded with 34% of taxes on American products.
