Trump Threatens 50% Additional Tariff on China

President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans.

Stocks swung wildly on Monday as Trump posted a series of social media messages on talks with trading partners, and volatility spiked even more after an erroneous report about the president’s willingness to consider a blanket tariff pause, which the White House denied.

The through line was Trump’s signal he is willing to use carrots with nations taking a conciliatory approach and sticks on those vowing retaliation. Whether that will result in scaling back his baseline 10% tariff announced last week — or relief for the roughly 60 nations the president tagged with even higher levies — remains to be seen.

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