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

submitted 1 month ago by [email protected] to c/[email protected]

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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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[–] [email protected] 6 points 1 month ago

This didn’t start with Trump. The 35 year bipartisan Washington consensus is not used to people fighting back. Other countries are supposed to be NPCs.