Trump threatens China with mega tariffs: economic collapse is imminent!

Trump threatens China with mega tariffs: economic collapse is imminent!

In a dramatic twist, US President Donald Trump is threatening China with an additional 50% tariff if Beijing does not waive its retaliatory tariffs on US exports by April 8. The announcement followed China's own 34% increase in response to Trump's recent actions was reported. Trump announced in a post on Truth Social that if China does not withdraw these measures, the US will significantly increase tariffs starting April 9th.

Global stock markets, particularly in the US, are in turmoil due to these tariff disputes. American markets started the week sharply lower, reflecting the crippling impact of tariffs on global trade. The Asian markets were not spared from the shock either; Stock indices in Singapore, Australia, Japan, South Korea and India posted significant losses. The stunning exchange sent tremors through markets and raised questions about a looming recession. Experts and business moguls are alarmed, warning that Trump's aggressive trade war could do more harm than good to the United States in the long run.

Meanwhile, the European Union under Ursula von der Leyen declares its willingness to negotiate tariffs with the USA, but it is also preparing for retaliatory measures – entirely in line with China. The looming economic exchange of blows with the rest of the world is putting further pressure on the Trump administration. It remains to be seen whether the threat will become reality - the whole world is watching with excitement.