Trump attacked China for "not acknowledging my warning for abusing countries not to retaliate" over tariffs.

Summary

Donald Trump lashed out at China for retaliating against his new tariffs, calling the country the “biggest abuser” of U.S. trade.

After Trump imposed an additional 34% tariff on Chinese goods, China responded with its own 34% tariff on U.S. products and suspended key imports.

Financial markets in both countries plunged, with U.S. economists warning of a potential recession.

Despite backlash, Trump defended his strategy, urging the Fed to cut rates and calling the tariffs a path to long-term gain. Critics warn of global economic instability and rising protectionism.

  • ArbitraryValue@sh.itjust.worksEnglish
    162·
    8 days ago

    After the tariffs were unveiled in front of TV cameras at the White House, Treasury Secretary Scott Bessent told those countries named: “Do not retaliate, sit back, take it in, let’s see how it goes, because, if you retaliate, there will be escalation.”

    I’m sure that went over well. Xi loves sitting back and taking it in, especially when this is on Trump’s mind:

    “'Oh, he used the word ‘rape.’ That’s right. I used the word ‘rape,’” Trump said at the Detroit Economic Club after his remarks were met with what sounded like some gasps from the audience. “They raped our country,” he repeated.