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Trump threatens additional 50% tariffs on China over retaliatory levies (www.theguardian.com)

submitted 2 weeks ago by geneva_convenience@lemmy.ml to c/usa@lemmy.ml

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Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.

The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.

As part of that move the White House announced it would impose a 34% tariff on Chinese imports. In response, Beijing announced a 34% tariff on US imports.

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[–] Tylerdurdon@lemmy.world 3 points 2 weeks ago

That aught to help the markets out. 95% of our good are manufactured there, but let's throw gasoline into that fire.

This guy really is Nero reborn.