00:00 Speaker A
President Trump is threatening an additional 50% tariff on China. Writing in a post on Truth Social, quote, “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50% effective April 9th.”
00:21 Speaker A
Trump also threatening to terminate all talks with the world’s second largest economy if the tariff isn’t removed. President Trump assuring that the public should have the knowledge of the negotiations with other countries will begin immediately. We saw stocks extend declines on the news here. Stocks have whipsawed today on mixed messages around tariff policy. An unconfirmed report that the White House is considering a 90-day pause on alternative tariffs, or alternative all tariffs except China sent stocks higher earlier in the session. The Trump administration quickly calling this fake news.