China, Donald Trump
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BBC |
Donald Trump has threatened China with an additional tariff of 50% on goods imported into the US if it does not withdraw a countermeasure, as global markets tumbled for a third day.
BBC |
Stock markets in the Asia-Pacific region plunged on Monday by levels not seen in decades.
BBC |
Asked if he would be open to a pause in tariffs to allow for negotiations, Trump said on Monday: "We're not looking at that."
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Officials are increasingly playing up negotiations, meeting with business groups and calling for tax cuts to offset the economic hit.
The US president is pressing ahead with his global tariffs, as even some allies wonder if he is going too far.
Two days after Trump's so-called "Liberation Day," mortgage rates fell to their lowest level in six months. It may not last, experts warned.
The Trump administration has given a variety of reasons and mixed messages for ratcheting up the tariffs charged on goods coming into the United States.
President Donald Trump said China would approve a deal to sell TikTok to an American buyer "in 15 minutes" if he gave their government "a little cut in tariffs."
Donald Trump made a fortune from his social-media venture out of office. But his tariff policies, and the economic consequences associated with them, now threaten that haul.
Critics took a swing at Donald Trump this weekend for hitting the golf course amid economic uncertainty caused by his imminent tariffs on countries worldwide. While fears of a global recession mounted and stock markets slid,
President Donald Trump called China the "biggest abuser of them all" when it comes to tariffs, adding Monday that Beijing is ignoring his warnings "not to retaliate."