Trump threatens new 50% tariff on China on top of reciprocal duties – National [Video]

President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could lead to a trade war.

Trump’s threat, which he delivered on social media, came after China said it would retaliate against U.S. tariffs announced last week.

“If China does not withdraw its 34 per cent increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50 per cent, effective April 9th,” he wrote on Truth Social. “Additionally, all talks with China concerning their requested meetings with us will be terminated!

Trump has remained defiant as the stock market continued plunging and fears of a recession grew.

“Be Strong, Courageous, and Patient, and GREATNESS will be the result!” he wrote.

The Dow Jones Industrial Average dropped 1,200 points as trading began on Monday morning, and the S&P 500 was …