Trump levels new trade threats against China as markets sink again

President Donald Trump took to Truth Social on Monday morning to attack China and issue new trade threats.

"Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set," Trump promised, with randomly capitalized words.

He pledged that if China doesn't back down by Tuesday, he'll slap another 50% tariff on the country starting on Wednesday, April 9.

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"Additionally, all talks with China concerning their requested meetings with us will be terminated!" he threatened.

Meanwhile, he promised that negotiations with other countries that have requested it will move on as planned.

See the post here.