US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Trump’s tariff threat now has more tariffs for China.
After the markets reacted positively to a false report about a potential 90-day pause on tariffs, Donald Trump has decided to push the other way. After China responded to his new tariff plan with retaliatory tariffs of its own and apparently ended negotiations on a solution for TikTok (welcome to the trade war), he posted a new message on Truth Social Monday morning:
...if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated!
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