Trump threatens China with 50% in additional tariffs
Ramping up already high stakes in global trade wars, US President Donald Trump on Monday threatened to impose additional 50% tariffs on China on top of the imposed 34% reciprocal tariffs announced last week.
"Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs.
Trump said that if China does not cancel its 34% increase in tariffs by April 8, he would impose 50% additional tariffs on the country.
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