Trump threatens 50% tariff if China keeps 34% hike

President Donald Trump announced on Truth Social that the U.S. will impose an additional 50% tariff on Chinese goods starting April 9, if China does not withdraw its newly announced 34% retaliatory tariff. He cited ongoing concerns over China's existing tariffs, subsidies and currency practices. Trump also stated that all talks with China will be terminated, with the U.S. shifting focus to trade negotiations with other countries.