Trump tariffs live updates: Trump threatens additional tariffs on China, markets rout continues

[Zorro]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: Yahoo Finance

President Trump threatened additional tariffs on China and markets continued to sink amid the new US tariff policy that is set to fully roll out on Wednesday.

Trump posted that "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. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately."

Trump and his top advisers retrenched over the weekend, with the president suggesting that equity markets may need to "take medicine" and posting that the new tariffs are "already in effect, and a beautiful thing to behold."

Trump also reiterated that the impetus behind the tariff policy is trade deficits: "I spoke to a lot of leaders ... from all over the world. ... I said 'we're not going to have deficits with your country' ... to me a deficit is a loss. We're going to have surpluses or, at worst, we're going to be breaking even."

Read more: https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-threatens-additional-tariffs-on-china-markets-rout-continues-191201773.html

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This is deliberate economic sabotage by Trump, aided and abetted by the Republican Party.

[Irish_Dem]

1. And they will still give billionaires huge tax breaks. And government contracts.

[underpants]

2. The Dow looks live waves or mountains today

Up down up down

[taxi]

3. Reading between the lines -

Trump tells the rest of the world - we are not going to have deficits with your country. We are looking to become New China. We will be the ones flooding world markets with cheaper and shoddier products. The American people have been repeatedly told by me that they will suffer. They accept it. The American people will suffer.

[Javaman]

4. here coms the recession, then depression

the concept of threatening new tariffs has lost all meaning.

while they were dumb to begin with, they now have morphed into kabuki theater of the bizarre.

this is like playing chicken with a runaway train. you ain't gonna win no matter how much you threaten it.

we are through the looking glass now.

[Omaha Steve]

5. AFTER a review by forum hosts LOCKING

Live update links are not allowed in LBN because the story changes and doesn't get updated on the DU.