Egypt Daily News – U.S. President Donald Trump considered China’s announcement of new tariffs on all products imported from the United States as a sign that China had panicked and made a mistake.
Trump wrote on his Truth Social platform: “China made a mistake, they panicked, they can’t imagine this!” without providing further details. China is imposing a 34% tariff on all U.S. goods.
Earlier, the Tariff Committee of China’s State Council announced that it would impose additional tariffs of 34% on all products imported from the United States, effective April 10. This move is a response to Trump’s new tariffs, according to the TASS news agency. The committee confirmed that “the actions of the United States contradict global trade rules and severely undermine China’s legitimate rights and interests.”
On April 2, President Donald Trump announced the imposition of tariffs on products from 185 countries.
The Right Time for Wealth
U.S. President Donald Trump told investors pumping money into the United States on Friday that his policies would never change. This came at a time when global stock markets had fallen for the second consecutive day following the announcement of his tariff plan and the countermeasures taken by China.
Trump wrote on Truth Social, “To the many investors coming into the United States and investing huge amounts, my policies will never change. This is the perfect time to get rich, richer than ever!” according to Reuters.
Concerns of a Global Trade War
The tariffs imposed by U.S. President Donald Trump have raised fears of a global trade war, with over 180 countries and regions now in the crosshairs of reciprocal tariffs. This move is part of Trump’s policy aimed at protecting U.S. industries from foreign competition, but it has faced strong criticism from world leaders who warned of the negative consequences for the global economy.
World leaders plan to take decisive steps to address the economic threats posed by these tariffs, with calls for constructive dialogue to ease trade tensions and find fair solutions. Observers fear that continued escalation could undermine global economic growth, especially as economic challenges increase across multiple fronts.
