Trump tariffs live updates: Trump threatens additional tariffs on China, opens negotiations with other countries

Key Points

  • President Trump threatened additional tariffs on China, stating that if China does not withdraw its retaliatory measures by April 8th, 2025, the US will impose a 50% tariff on Chinese goods effective April 9th.
  • The US has begun negotiations with other countries to secure fair trade deals, with Trump emphasizing that the US will either get good deals or cease trade relations.
  • The new US tariff policy, including a blanket 10% tariff on all imports and additional duties on goods from 185 countries, has led to market volatility and a significant drop in stock values.
  • Various countries, including Canada and China, have responded with their own tariffs, while the EU is preparing countermeasures.
  • The policy has caused economic concerns, with potential job losses and reduced investments, as companies adjust by raising prices.

Summary

President Trump's aggressive tariff policy has introduced significant uncertainty into global trade relations, with markets reacting with volatility. Trump has threatened to impose an additional 50% tariff on Chinese goods if China does not retract its retaliatory measures by April 8th, 2025, escalating tensions. This policy, which includes a 10% tariff on all imports and targeted duties on goods from 185 countries, has led to a sharp decline in stock values, with the S&P 500 nearing bear market territory. In response, countries like Canada and China have retaliated with their own tariffs, while the EU is preparing countermeasures. The policy aims to address trade deficits, which Trump views as losses, pushing for either fair trade deals or cessation of trade relations. This approach has sparked concerns about potential economic repercussions, including job losses and reduced investments, as companies adjust to the new trade environment by increasing prices. The situation remains fluid, with ongoing negotiations and market adjustments reflecting the significant impact of these trade policies.

yahoo
April 7, 2025
Stocks
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