Trump Says China Panicked By Imposing Retaliatory Tariffs

The Epoch Times Header

โ€˜My policies will never change,โ€™ Trump said on social media.

President Donald Trump shot back at the Chinese regime after Beijing imposed retaliatory tariffs.

โ€œChina played it wrong, they panickedโ€”the one thing they cannot afford to do,โ€ the president said in a post on social media platform Truth Social.

He later said that his policies would not be changed.

โ€œTo the many investors coming into the United States and investing massive amounts of money, my policies will never change. This is a great time to get rich, richer than ever before!โ€ the president wrote.

Trump also lauded the March jobs report, which showed a higher-than-expected 228,000 new jobs.

The president attributed the solid employment data to his policies, which he says are โ€œalready working,โ€ and urged the public to โ€œhang tough; we canโ€™t lose!โ€

The White House imposed 34 percent reciprocal levies on China, bringing the total tariff rate to 54 percent.

In response, Chinaโ€™s Finance Ministry announced that it will implement 34 percent tariffs on all imported U.S. goods beginning on April 10.

Beijing added 16 U.S. companies to its export control list and vowed to institute export controls on several types of rare-earth minerals.

In addition, it added 11 U.S. companies to its โ€œunreliable entities list,โ€ alleging that they violated market rules and contractual obligations.

Chinaโ€™s Ministry of Finance urged the United States to cancel its tariff measures and resolve trade differences through consultation.

Chinese officials followed through on an earlier threat by filing a formal complaint with the World Trade Organization against the U.S. tariffs, saying the U.S. administrationโ€™s latest import duties violate the international organizationโ€™s rules.

Trump has signaled that he could be willing to negotiate with U.S. trading partners over tariffs.

โ€œIt depends if somebody said that weโ€™re going to give you something thatโ€™s so phenomenal, as long as theyโ€™re giving us something thatโ€™s good,โ€ Trump told reporters traveling with him to Florida.

An increasing number of countries, such as Canada and the European Union, have vowed to retaliate against Trumpโ€™s baseline 10 percent levies and higher reciprocal tariffs.

The latest developments in the U.S.โ€“China trade saga come as global financial markets have been impacted amid the sweeping tariff announcements by the United States on foreign goods.

Byย Andrew Moran

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

How a Chinese Government Statistician Was Forced to Report Fake Data

Chinese local govt employee produced a non-authorized report on bees and was visited by police and threatened with being sent to a mental hospital.

โ€˜This One Time, at Groomer Campโ€™

All Camp Brave Trails programs focus on helping LGBTQ+ youth find what they need most to thrive: their people, their place, and their passion.

Why Recognizing a Palestinian State Now Undermines U.S. Interestsย 

A recent American Conservativeย article suggests President Trump recognize a Palestinian state, but this would undermine the interests of the United States.

Harvardโ€™s China Ties Under Scrutiny as US Targets Student Visas

Following Trump adminโ€™s action to vet Chinese nationals studying in US for ties to the CCP, Harvard's involvement with Beijing has come to the fore.

The Russian-Ukrainian Talks Are At An Impasse That Only The US Or Brute Force Can Break

The second round of Russian-Ukrainian talks in Istanbul resulted in no progress and talks are at an impasse that only the US or brute force can break.

News

Guatemalan Deportee Arrives in US After Judge Orders Trump Admin to Facilitate Return

โ€œAmericaโ€™s asylum system was never intended to be used as a de facto amnesty program or a catch-all, get-out-of-deportation-free card,โ€ McLaughlin said.

Trump-Musk Feud Escalates Over Spending Bill: 5 Things to Know

A public feud between Musk and Trump took a turn for the worse. Musk claimed president wouldnโ€™t have won without him and president suggested Muskโ€™s subsidies could be pulled.

Supreme Court Rules 9-0 Wisconsin Violated First Amendment by Denying Tax Exemption to Catholic Charity

Supreme Court ruled unanimously that WI violated the First Amendment by not granting Catholic charity an exemption from paying unemployment tax.

Appeals Court Rules San Diegoโ€™s Yoga Ban Is Unconstitutional

The city of San Diegoโ€™s ban on yoga classes in public parks and beaches was ruled unconstitutional by a federal appeals court.

Supreme Court Rejects Mexicoโ€™s Lawsuit Against Gun Companies

SCOTUS said gun companies should not face lawsuit in which Mexican govt was trying to hold them liable for cartel-related violence involving firearms from US.

FDA Not Recommending Newly Approved COVID-19 Vaccine: Official

FDA approved a new COVID-19 vaccine but is not recommending people receive it, the agencyโ€™s top vaccine officials said on June 4.

Self-Sufficiency Summits in Ohio Reflect Surging Interest in Homesteading

After an age of reliance on store-bought items, many Americans are returning to a self-sufficient lifestyle and growing and raising the food they consume.

Judge Requires Trump Admin to Provide Due Process for Deportees in El Salvador Prison

Boasberg ordered Trump admin to provide habeas relief for individuals it deported and are held in Salvadoran maximum security prison.
spot_img

Related Articles