8th April , 2025
News desk
President Donald Trump has escalated trade tensions with China, threatening to impose an additional 50% tariff on all Chinese imports. The announcement came as global markets reeled, marking one of the worst two-day downturns in U.S. stock market history.
The proposed tariffs follow China’s recent move to slap a 34% levy on American goods in retaliation for earlier U.S. measures. In response, China’s Commerce Ministry vowed to “fight to the end,” condemning the move as unilateral bullying and promising countermeasures to defend its economic sovereignty.
Financial markets responded sharply to the rising tensions. Major U.S. indices plummeted, with tech and manufacturing sectors hit hardest. Chinese tech giants including Alibaba, Baidu, and Tencent also saw shares tumble, reflecting investor concern over a potential trade war escalation.
The threat has drawn criticism from financial leaders such as JPMorgan CEO Jamie Dimon and billionaire investor Bill Ackman, both warning of economic fallout and fraying global alliances. Meanwhile, congressional Republicans have signaled bipartisan efforts to curtail the President’s tariff authority.
As the economic standoff deepens, businesses and markets worldwide brace for further volatility.
