Donald Trump has threatened China with an extra tariff of 50% on goods imported into the US if it does not withdraw a countermeasure it announced on Friday.
In a post on his social media platform, Truth Social, the US president said he will introduce the extra tariff unless China withdraws its own 34% counter-tariff on American goods, which it announced on Friday.
Trump originally imposed a tax of 34% on Chinese imports last Wednesday, as he announced tariffs on dozens of US trading partners.
If he does impose the additional 50%, US companies will pay a total rate of 104% on Chinese imports.
Donald Trump threatens new 50% t...
Donald Trump threatens new 50% tariffs on China
The US president said he will introduce the extra tariff unless China withdraws its own 34% counter-tariff on American goods.
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Pelle15 Newest Member ·