Tue Apr 08 02:11:09 UTC 2025: ## Trump Threatens New 50% Tariff on China, Sparking Market Volatility

**Washington/Hong Kong** – President Donald Trump has threatened to impose an additional 50% tariff on Chinese goods, escalating the ongoing trade war and sending global markets into a tailspin. The announcement, made via a post on Truth Social and later confirmed at the White House, follows the imposition of new US tariffs on imports from numerous countries, including China. Trump stated that the additional tariff will be implemented on Thursday unless China rescinds its planned 34% retaliatory tariff on US imports. He also declared an end to all trade talks with China.

The threat triggered a dramatic day of trading on Wall Street. The Dow Jones Industrial Average fell 0.91%, and the S&P 500 dropped 0.23%, marking a third consecutive day of losses. While the Nasdaq Composite saw a slight increase, the overall market reflected investor anxiety. Earlier unfounded reports of a potential 90-day tariff pause briefly boosted the market before being dismissed by the White House as “fake news.” However, US stock futures indicated a possible market recovery on Tuesday.

Asian markets reacted with mixed results. While Japan’s Nikkei 225 soared nearly 6% and Hong Kong’s Hang Seng gained over 2.3%, recovering from a significant previous day drop, Indonesia, Taiwan, and Vietnam saw sharp declines.

China’s Ministry of Commerce strongly condemned Trump’s latest move, calling it a “mistake on top of a mistake” and vowing to “fight it to the end.” The new US tariffs, ranging from 10% to 50%, impact numerous countries, including key US allies such as the EU, Japan, and South Korea. The escalating trade conflict continues to cause significant uncertainty in global markets and raise concerns among business leaders.

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