2025-04-08
12 分钟President Trump threatens China with an additional 50% levy
if Beijing doesn't withdraw its retaliatory tariff by tomorrow.
Plus, it was a roller coaster day for markets after a false tariff headline sent stocks on a $2 trillion ride.
And what Trump's tariffs mean for the other policy items on his agenda.
He's been fascinated by tariffs for many decades and in the first administration didn't think he went far enough essentially,
so definitely he's almost willing to maybe potentially sacrifice some of the other things on his agenda to get what he wants with tariffs.
It's Monday, April 7th.
I'm Alex Osela for the Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
It was a volatile day in the markets.
First,
they rallied in the morning in response to erroneous headlines that President Trump would delay the implementation of tariffs by 90 days.
The administration clarified that there will be no delay in implementing new levies, leading to stocks dropping.
Later in the morning,
President Trump said he plans to increase tariffs on China by 50% starting Wednesday
if the country doesn't withdraw its retaliatory tariff increase on the US by tomorrow.
China said last week it would hit all US goods with an additional 34% levies starting Thursday.
In a social media post today, Trump added that talks with China to arrange meetings would be terminated.
Stocks dropped again in response.
In the afternoon, speaking from the Oval Office, Trump confirmed that he's not considering a broad pause on tariffs.