Trump threatens China with further tariffs
April 08, 2025 00:00:00
US President Donald Trump says he will impose additional tariffs on China, from Tuesday, if Beijing does not withdraw its 34% retaliatory tariffs on the US, reports BBC.
The additional tariffs on Beijing would be of 50 per cent, Trump says.
As a reminder, China announced on Friday that it would be imposing such tariffs on Washington after the White House said that from 9 April it'd put 34% levies on all goods from Beijing.
Meanwhile, UK Prime Minister Keir Starmer has called for "cool heads" as global markets slumped once more on Monday in response to President Donald Trump's tariffs.
Global supply chains are experiencing widespread shockwaves. The UK's FTSE 100 hit its one-year low when markets opened this morning, while Asian markets suffered their worst day in decades.