President Donald Trump has issued a sharp warning to Beijing, threatening to impose an additional 50% tariff on all Chinese imports if the Chinese government does not step back from what he called its “manipulative trade practices.”
With previous hikes in tariffs on China, the total Beijing was now being threatened with would be 104%.
Speaking from Florida, Trump accused China of flooding U.S. markets with subsidized goods, undercutting American industries and weaponizing trade to weaken the U.S. economy. The proposed tariff hike would come on top of the sweeping “Liberation Day” tariff package unveiled last week, which already includes a 10% universal tariff and higher targeted tariffs on countries like China, Canada and Mexico.
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