“My policy will never change,” Trump said on social media.
President Donald Trump shot the Chinese administration after Beijing imposed retaliatory tariffs.
He later said his policies would not change.
“For many investors coming to the US, my policy will never change with huge amounts of money invested, the president wrote.
The president attributed solid employment data to his policies, saying it was “already working,” urging him, “hanging in difficult times, we can’t lose!”
Related Stories
The White House imposed a mutual collection of 34% on China, bringing the total tariff rate to 54%.
In response, China’s Treasury Ministry announced that it would implement a 34% tariff on all imported US goods starting on April 10th.
Beijing has pledged to add 16 US companies to its export control list and enact export controls for several types of rare earth minerals.
It also claims that it has added 11 US companies to its “unreliable entity list” and violated market rules and contractual obligations.
China’s Treasury Department urged the US to cancel tariff measures and resolve trade differences through consultations.
Chinese officials followed previous threats by filing a formal complaint with the World Trade Organization against US tariffs, saying the US administration’s latest import duties violated international organization rules.
Trump has shown he is willing to negotiate with US trading partners over tariffs.
“It depends on whether or not we told you that as long as someone is giving us something good, it’s going to give you something so amazing,” Trump told reporters traveling with him.
More and more countries, including Canada and the European Union, are pledging to retaliate against Trump’s 10% baseline collection and higher mutual tariffs.
The latest developments in the US-China trade saga are affected by global financial markets being affected amid the US’s announcement of cleaning fees for foreign goods.
Severe tariffs affect US trade relations worth nearly $600 billion in goods, according to 2024 data from the office of US trade representatives.
The president’s tariff announcement on April 2nd has led to US stocks crashing nearly 7% this week, bringing 10% closer to the correction territory as America holds a wealthy event.
Asian markets are also stagnating as the Hangsen index fell over 350 points and the Nikkei 225 fell nearly 1,000 points.
The Shanghai Composite Index was stable, immersed by 0.24%.
