Trump Threatens 50% Additional Tariff on China, Demands Compliance Within 24 Hours 🧾 Subhead: US-China trade war escalates as Trump raises total tariff on Chinese goods to 94%, threatens to cut off all talks with Beijing Washington, April 8, 2025 — In a dramatic escalation of the ongoing US-China trade war, former US President Donald Trump has threatened to impose an additional 50% tariff on all Chinese goods, unless China rolls back its latest 34% retaliatory duty within 24 hours. If enforced, this would raise the total US tariff on Chinese imports to an unprecedented 94%, including a baseline 10% global tariff that applies to all nations. The announcement came via Trump’s post on Truth Social at 11:30 am US time (9:00 pm IST), where he slammed China for its retaliatory move and accused it of “long-term tariff abuse, illegal subsidies, and currency manipulation.” “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8, 2025, the United States will impose additional tariffs on China of 50%, effective April 9,” Trump declared. 🔥 Tariff War Spirals This retaliatory spiral began just days ago when the US slapped fresh 34% tariffs on Chinese imports, citing long-standing trade imbalances and unfair practices. China quickly responded in kind, prompting Trump's latest threat. Markets across the globe have plunged over the past 72 hours, with investors fearing a full-blown global recession. Oil prices have slumped and equity markets from Hong Kong to New York are in retreat. Trump also announced an end to all trade talks with China, calling Beijing's request for dialogue "pointless" unless it complies with the US demands. “All talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries… will begin taking place immediately,” Trump wrote. 📉 Global Fallout The economic impact has been swift: Global stock indices have plummeted Oil prices dropped sharply Investor sentiment has taken a hit due to uncertainty in global trade flows Analysts warn that further tit-for-tat escalation could severely disrupt global supply chains, especially in electronics, manufacturing, and energy sectors. China has warned that continued provocation could result in a "painful trade war" with no winners — only economic damage on both sides. 🏷️ Tags: Trump tariffs, US China trade war, tariff hike, Donald Trump news, China retaliation, global stock market crash, oil price drop, economic war, Xi Jinping, Truth Social, international trade policy, 2025 economy, tariff deadline, global recession fears
Mumbai, April 8, 2025 — A day after witnessing its worst single-day decline in nearly a year, the Indian stock market made a strong comeback on Tuesday morning. The BSE Sensex surged over 1,000 points, climbing past 74,200, while the Nifty 50 jumped more than 1.5%, trading above 22,500.
Also Read: Jamie Dimon Warns Trump’s Tariffs Could Trigger Recession, Erode U.S. Global Standing
All major sectoral indices bounced back sharply, signaling a broad-based recovery. Market experts attributed the rebound to settled panic selling and optimism around possible de-escalation of the US-led trade war that had triggered Monday’s meltdown.
Japan’s Nikkei index led the Asian recovery, rising 6%, buoyed by reports of a phone call between US President Donald Trump and Japanese Prime Minister Shigeru Ishiba, where both sides agreed to initiate trade talks.
Also Read: Goldman Sachs Raises US Recession Risk to 45% Amid Trump Tariffs, Lowers Growth Forecast
Other Asian markets followed suit:
However, some Southeast Asian markets like Indonesia’s Jakarta Composite and Vietnam’s benchmark index continued to struggle, falling over 9% and 5% respectively. Thailand’s SET slipped more than 4%, reaching its lowest point since March 2020.
European and US futures also rebounded. The Pan-European STOXX 50 futures were up 2.2%, while S&P 500 futures rose 0.9%, hinting at a stronger Wall Street open.
On Monday, Indian equities were roiled by global fears of a recession following fresh tariffs by the US.
Markets across the world witnessed similar panic selling as Trump’s new round of tariffs sparked a fresh wave of retaliatory moves from China, escalating concerns about global inflation and trade disruption.
Analysts now believe stabilization has begun, and bargain buying could further support markets if geopolitical tensions cool down. There’s also growing hope that the Trump administration might revise its aggressive tariff strategy under pressure from allies and economic advisors.
Sensex rebound, Nifty recovery, stock market news, Trump tariffs, trade war, global markets, Japan-US trade talks, Asian indices, market crash 2025, market recovery, Indian stock market, recession fears, panic selling, investor sentiment, financial news India
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