“Yesterday China imposed retaliation duties of 34 percent, in addition to already established record duties, non -monetary dutiesillegal subsidizing companies and mass, long -term currency manipulation, despite my warning that Each country that will take retaliation against the USA (…) will immediately meet with new and much higher customs, going beyond these originally established” – Trump wrote on his Truth Social social networking site.
“Therefore, if China does not withdraw their 34 % Increases (…) until tomorrow, April 8, 2025, the United States will impose an additional duties on China at 50 %, applicable from April 9” – he added.
He also announced that he would immediately end commercial talks with China, while “negotiations with other countries that also demanded meetings will start immediately.”
If Trump fulfilled his threat, and the new 50 % duty would be added to previously announced, This would mean that the basic rate for almost all goods from the PRC will amount to 104 percent.
Read also: “Don't be panickers.” Donald Trump to investors
Contrary to what Trump said, China announced a retaliation duties of 34 percent. (equal to the one that the US president announced last Wednesday) on Friday, and they are to enter into force on April 10.
According to the plan of the White House, the “mutual” duties for goods from countries with surplus in trade with the USA will enter into force on April 9. Already on Saturday, 10 percent were implemented. duty for almost all countries of the world.
