In a bold move, President Trump has escalated the ongoing trade war with China by imposing hefty 104 percent tariffs on Chinese goods. This decision came after Beijing failed to meet the President’s deadline to withdraw its own retaliatory levies on the US.
The confirmation of these additional duties caused US stocks to initially rise but ultimately slide into negative territory. Trump defended his tariffs, acknowledging that they had been “somewhat explosive,” but he claimed that they were already generating $2 billion a day for the US economy. He confidently stated, “The money is pouring in at a level we’ve never seen before.”
Despite the escalation in tensions, the White House remains optimistic about reaching a trade agreement with China. However, Beijing has pledged to “fight to the end” against what they view as “blackmail” tactics from the US.
It is clear that both sides are determined to stand their ground in this trade dispute. As the situation continues to unfold, the global economy will undoubtedly feel the impact of these tit-for-tat tariff measures. Only time will tell if a resolution can be reached between the two economic powerhouses.
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Video “LIVE: China reacts to Trump Trade War” was uploaded on 04/09/2025 to Youtube Channel The Times and The Sunday Times