“If China does not withdraw its 34 percent increase on top of their long-standing trade abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL tariffs on China of 50 percent, effective April 9th,” Trump writes in a Truth Social post.
Earlier, Israeli Prime Minister Benjamin Netanyahu arrived at the White House, where he met with Trump, becoming the first foreign leader to personally plead for a reprieve from stinging US tariffs that have shaken the world.
Also, UK Prime Minister Keir Starmer said the global economic consequences of US President Donald Trump’s tariffs “could be profound”.
Speaking at the Jaguar Land Rover factory in Birmingham, Starmer reaffirmed the UK-US alliance as “special” and “close”, adding that “we have to step up. We can’t be cowed” by US tariffs.
Mexican President, Claudia Sheinbaum, said her country, hit by tariffs on its automobiles, steel and aluminum, will “not rule out” imposing reciprocal tariffs.
The New York Stock Exchange as Wall Street stocks traded mixed late morning amid speculation the market may be bottoming out following steep losses triggered by President Donald Trump’s sweeping tariff announcements.
