Without deterrence by the stock market, the president Donald Trump He threatened the additional definitions in China on Monday, raising new concerns about his leadership The global economy balance A financially destroyed commercial war can intensify.

Trump’s threat came after China saidYou will decreaseAgainst definitionsAnnounced last week.

“If China does not withdraw a 34 % higher increase than long -term long -term trading violations by tomorrow, April 8, 2025, the United States will impose an additional tariff on China by 50 %, as of April 9,” Trump wrote on the social truth. “In addition, all conversations with China will be completed on its required meetings with us!”

The US President has shown some signs of decline in tariffs despite the escalating pressure in the financial markets. Its commitment to definitions can be the devastating effects on the global economy, although Trump is because it will eventually bear fruit with manufacturing functions.

On Monday, he was asked whether he would look at a widespread group tariff, Trump said: “We do not look at that.” The US president said he was open to negotiations. Trump added that it could be both the settlement with other countries and permanent tariffs.

untilPrime Minister Israel Benjamin NetanyahuHe said that his country would take definitions against American goods to scratch, and Trump was not binding on removing new import taxes placed on an ally. The White House also said on Monday that Trump will lead the Senate Bill that would impose Congress’s approval of the new customs tariff, a bet that the embarrassment of Republican legislators will support it despite the economic and political risks.

However, there are signs of frustration even between Trump’s allies. Senator John Kennedy, a Republican Louisiana, said he supports the goals of the president of better trade deals, but worried about economic uncertainty.

“We don’t know whether the drug will be worse than the disease,” Kennedy said, adding: “This is the economy of President Trump now.”

If Trump implemented his new strikes on imports from China, the American definitions of Chinese goods will reach 104 % combined. New taxes will be at the top of the 20 % definitions that have been announced as a penalty for trafficking in fentanel and declaring separate definitions by 34 % last week. This can not only increase the prices of American consumers, but also give China an incentive to flood other countries with cheaper commodities and seek deeper relationships with other commercial partners.

China angrily responded and said it will not retreat.

A statement issued by the Ministry of Commerce in Beijing said: “The American threat to the escalation of customs tariffs on China is a mistake in addition to an error and once again presents the blackmail of the United States.” “China will never accept this. If the United States insists on its own way, China will fight to the end.”

After sales in the previous two days, Dao The Monday’s Jones Industrial Average decreased by 0.9 %. S&P fell 500 0.2 %, and Nasdak The compound was 0.1 %.

Trump was often proud of the stock market gains during his first term, and considered the threat of losses in Wall Street as a possible study of risky economic policies in his second term. But this was not, and Trump has described days of financial pain as necessary.

He said: “I don’t mind passing because I see a beautiful picture in the end.”

Trump officials have often appeared on television to clarify the issue of his policies, but none of their interpretations in the markets have subsided. The only improvement came from aA false reportThis major economic advisor Kevin Haysit said that Trump was considering stopping all customs duties except China. The stock prices rose before the White House denied that it was true by naming “fake news”.

The Republican President has been defying despite fears that it could push the United States towards stagnation, and insisted that his tariff is necessary to rebuild local manufacturing and reset trade relations with other countries.

But his aggression pushing may defend American economic policy. Although inflation is still high, Trump has called on the Federal Reserve to reduce standard interest rates that have increased to increase prices.

On Friday, Federal Reserve Chairman Jerome Powell warned that definitionsIt can increase inflationHe said: “There is a lot of waiting and seeing, including by us,” before making any decisions.

European Commission President Ursula von der Lin said that the European Union will focus on trade with other countries alongside the United States, saying there is there“Wide opportunities”elsewhere.

Trump said he spoke with Japanese Prime Minister Shigro Eshiba to start commercial negotiations. He complained about the social truth, “They dealt with the United States very badly in trade” and “they do not take our cars, but we take millions of them.”

Ishiba said that Trump told “heavily concerned” that the customs tariff would inhibit investment from Japan, which was the largest investor in the world in the United States in the past five years. He described the situation as a “national crisis” and said that his government would negotiate with Washington to urge Trump to reconsider the definitions.

White House Trade Adviser, Peter Navarro, suggested that the countries will need more than just reduce their customs tariff rates to reach deals, which is an indication that the talks may be raised.

“Let’s take Vietnam,” said on CNBC. “When they come to us and say,” We will go to a zero tariff, “and this does not mean anything to us because it does not matter unimportant fraud.”

A meeting with Trump at the White House on Monday, Netanyahu said that his country would remove the customs tariffs and other commercial barriers in response to the United States, which has placed 17 % taxes on imports from Israel.

“Israel can be a model for many countries that should do the same,” Netanyahu told the American president.

Trump said he estimated “a lot” what Netanyahu said. But when asked if he would remove the definitions, Trump said, “Perhaps not” because of the help of the United States provides to Israel. The United States had a trade deficit of $ 7.4 billion in goods last year with Israel, according to the Statistical Office.

Trump sought a unified front after the chaotic fighting in his first term. However, economic turmoil has revealed some fractures among its supporters.

Bill Akman, the director of hedge funds, attackedTrade Minister Howard LootnickOn Sunday, “indifferent to the stock market and economy.”

On Monday, Akman apologized for his criticism, claiming that Lootnick, who was previously the head of the financial company Cantor Fitzgerald, could benefit from the definitions because of its investments in the bonds. However, the director of the hedge fund repeated his concerns about the Trump tariff.

“I just feel frustrated to monitor what I think is a mistake in politics after our country and the president is making tremendous economic progress that is now in danger because of the definitions.” x.

BillionaireElon MuskTrump’s senior adviser to reforming the federal government, expressed doubts about the definitions during the weekend. Musk said that the definitions will increase their costs TimingElectric car maker.

“I hope that it will be agreed that both Europe and the United States will move perfectly, in my opinion, to put a zero tariff, which creates effectively a free trade zone between Europe and North America,” Musk said in the zero introductory situation.Video conference with Italian politicians.

Navarro later said Fox The news, “The Future of Sunday morning”, which the “Musk” does not understand.

“It sells cars,” said Navarro. “This is what he is doing.” He added: “It simply protects his interests as any businessman will do.”

This story was originally shown on Fortune.com

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2025-04-08 10:02:00