The tension between the USA and China is growing. Donald Trump: Despite my warning

“Yesterday China imposed a retaliation duties of 34 percent, in addition to already established record duties, non -monetary duties, illegal subsidizing companies and mass, long -term currency manipulation, despite my warning that every country that will take retaliation against the US (…) will immediately meet with new and much higher duties, going beyond these originally set” – Trump wrote on his Truth Social social networking site.

“Therefore, if China does not withdraw their 34 % increases (…) until tomorrow, on April 8, 2025, the United States will impose an additional duties on China at 50 %, in force from April 9” – he added.

If Trump fulfilled his threat, and the new 50 % duty would have been added to previously announced, it would mean that The basic rate for almost all goods from the PRC will amount to 104 percent.

Contrary to what Trump said, China announced a retaliation duties in the amount of 34 percent. (equal to the one which president USA He announced last Wednesday) on Friday, and they are to enter into force on April 10. According to the White House plan, “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.

The announcement of Trump has intensified fluctuations at Wall Street. Earlier, for a few minutes, all the indexes of the New York stock exchange went sharply up after the markets reacted to the unreliable – as it turned out later – the headline on the statement of adviser Trump Kevin Hassett with a possible 90 -day suspension of duties on all countries except China. Hassett was asked about this in an interview with Fox News, but only replied that Trump “would do what he did”.

After the White House denied information about the suspension of customs duties, the stock prices dropped strongly again. The DOW Jones index currently records a decrease of 1.7 percent.