As world markets tumble and tariffs soar, a Chennai-based monetary planner provided a stark actuality verify. “Unusual as it might sound, US wants China greater than China wants US,” D Muthukrishnan wrote on X. “If China goes to lose one eye, US would lose each. Majority of the world can be partially blind too.”
His warning comes because the US-China commerce warfare escalates to an unprecedented excessive.
Lower than 48 hours after Beijing slapped a retaliatory 34% tariff on American items, Donald Trump has responded with a sharper blow—asserting a further 50% tariff on all Chinese language imports. This pushes complete US tariffs on Chinese language items to an all-time excessive of 84%, and when mixed with the White Home’s 10% world tariff, China now faces a 94% import levy into america.
Trump made the announcement at 11:30 a.m. US time (9 p.m. IST) through his social platform, Fact Social. Referring to China as a “tariff abuser,” he stated:
“Yesterday, China issued retaliatory tariffs of 34 per cent, on prime of their already report setting tariffs, non-monetary tariffs, unlawful subsidization of corporations, and big long run forex manipulation, regardless of my warning that any nation that retaliates in opposition to the US… might be instantly met with new and considerably larger tariffs.”
He then issued a last ultimatum:
“If China doesn’t withdraw its 34 per cent enhance above their already long run buying and selling abuses by tomorrow, April eighth, 2025, america will impose further tariffs on China of fifty per cent, efficient April ninth.”
The White Home additionally confirmed that every one commerce negotiations with China might be halted, whereas talks with different nations—people who have not retaliated—will transfer ahead.
“Moreover, all talks with China regarding their requested conferences with us might be terminated! Negotiations with different nations, which have additionally requested conferences, will start going down instantly.”
World inventory markets and oil costs have plunged during the last 72 hours, following Trump’s determination to impose reciprocal tariffs on all nations taxing US exports. “These are, because the identify suggests, simply reciprocal – which implies we do to them, what they do to us,” he stated throughout a earlier briefing.
Earlier than Trump’s newest escalation, Beijing had warned that such measures would set off a “painful commerce warfare” that might “not profit anybody.”
