US President Donald Trump has threatened an additional 50% tariff on China if the latter does not withdraw the 34% retaliatory duties on US imports by April 8.
Trump stated that if China does not withdraw the retaliatory duties, the United States will impose additional tariffs of 50% on China, effective April 9.
Trump also mentioned that all talks with China regarding requested meetings will be terminated, and negotiations with other countries will begin immediately.
The total US-China bilateral trade in goods was $582.4 billion in 2024 and the trade deficit was $295.4 billion in the same year.