Trump vows 50% tariffs on China if Beijing sticks to 34% retaliatory duties

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Trump vows 50% tariffs on China if Beijing sticks to 34% retaliatory duties - Business Standard

Quick Summary:

Donald Trump singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

He accused other countries of “taking advantage of the Good OL' USA! ” on international trade and said “our past leaders' are to blame for allowing this.” He singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

He complained on Truth Social “they have treated the U.S.very poorly on Trade” and “they don't take our cars, but we take MILLIONS of theirs.” Ishiba said he told Trump that he's “strongly concerned” that tariffs would discourage investment from Japan, which has been the world's biggest investor in the U.S.in the past five years.