Topline
President Donald Trump threatened to impose an additional 50% tax on imported Chinese goods, unless Beijing cancels its plans for a 34% reciprocal tariff on U.S. products set to take effect Thursday—as multiple other global leaders have said they’re negotiating tariffs with the White House.
President Donald Trump speaks to reporters on Air Force One, en route to Joint Base Andrews on April … More
Key Facts
The White House assigned one of the steepest levies—34%—to China, on top of a 20% tariff imposed earlier this year, meaning the tax would climb to 104% if Trump follows through with his latest threat.
China announced the 34% tariff on imported U.S. products, starting Thursday, in retaliation for the new tariffs Trump announced last week.
Meanwhile, the White House has said it’s in talks with dozens of other countries after last week’s announcement—Israeli Prime Minister Benjamin Netanyahu is set to visit the White House on Monday in hopes of making a deal with Trump, and the European Union Commission said it offered Trump a “zero-for-zero” tariff deal on industrial goods.
This is a developing story and will be updated.
