WASHINGTON: President Donald Trump claimed that China “panicked” in response to his tariffs, leading to its decision to impose 34% reciprocal tariffs on US goods. He stated on Truth Social, “CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” His remarks suggest confidence in the US trade strategy.
China’s Retaliation
China announced a 34% tariff on US imports following Trump’s latest trade measures. This move comes after Trump’s Wednesday decision to impose an additional 34% tariff on all Chinese goods. These tariffs are in addition to the previously set 20% tariff aimed at stopping fentanyl shipments from China to the US.
Trade Tensions Rise
The new tariffs escalate tensions between the two largest economies. China’s response signals strong opposition to Trump’s policies. Analysts predict further economic consequences if the dispute continues. Both nations remain locked in an ongoing trade standoff.
Global Markets React
Investors are closely monitoring the impact of these tariffs on global markets. Economic analysts warn of rising costs for businesses and consumers. The trade war continues to create uncertainty in international trade relations.
Uncertain Future
It remains unclear if negotiations will ease tensions. Trump insists tariffs are necessary for economic security. Meanwhile, China is preparing additional measures. The coming weeks will determine the next phase of this trade conflict.
