Trump threatens China: If the 34% retaliatory tariffs are not withdrawn today, the US will escalate to 50%! Beijing warns: We will accompany you to the end.

Late yesterday (7th), Trump issued a stern warning about China's countermeasures on US tariffs, saying that if China does not withdraw its 34% tariffs beyond long-term trade abuses by April 8, the United States will impose an additional 50% tariffs on China, effective from April 9. (Summary: Trump is still tough: tariffs are the only antidote to save the United States, more than 50 countries urgently start negotiations, Lai Qingde: Taiwan will not retaliate, throw 5 major countermeasures) (Background supplement: Bloomberg scolds Trump tariffs for "defying market wisdom": mistakes are paid by the United States, and the door to the worst world has been opened) US President Trump last week launched an unprecedented tariff policy as scheduled, first of all, to impose another 34% tariff on China, which is expected to take effect on the 9th Asian time. In the face of this threat, China retaliated yesterday, announcing that it would also impose a 34% retaliatory tariff on all US imports (effective on the 10th), and was preparing to file a lawsuit with the World Trade Organization (WTO), accusing the United States of violating international rules and actively seeking to cooperate with economies such as the European Union to cope with the pressure. Trump warned China: if the tariff is not withdrawn, it will be increased to 50% In this regard, Trump issued a stern warning against China's countermeasures late yesterday (7th). He said on his social platform Truth Social: Yesterday, China introduced a 34% retaliatory tariff, plus their already record tariffs, non-monetary tariffs, illegal subsidies to companies, and a long history of large-scale currency manipulation, although I have warned that any country that imposes additional tariffs on the United States in retaliation beyond its long-standing tariff abuse of our country will be immediately met with a new, higher tariff response beyond the originally set tariffs. Therefore, if China does not withdraw its 34% tariffs beyond longstanding trade abuses by tomorrow, April 8, 2025, the United States will impose an additional 50% tariffs on China, effective April 9. In addition, all negotiations that China asks to meet with us will be terminated! And negotiations with other countries that have also asked to meet will begin immediately. In response to Trump's threat, the CCP's official media "Global Times" published an editorial today (8)) saying that "tariffs cannot scare China" and criticized the US government for announcing tariffs on all trading partners, including China, in the name of so-called "reciprocity", arousing public indignation in the international community. The fundamental reason why China has taken a resolute countermeasure is that the reason for the US tariff increase is completely unfounded. The US imposes high tariffs on global trading partners under the pretext of "responding to unfair foreign trade practices", which is actually protectionism and unilateral bullying, and political fraud under the cloak of "economic means". This practice blatantly violates the core rules of the World Trade Organization (WTO) and ignores China's legitimate rights and interests in international trade and years of efforts to open up. The so-called "reciprocal tariffs" have caused huge damage to the world trading system and global supply chains, and will also seriously drag down the growth of the world economy... China's Ministry of Commerce also shot back earlier, saying that "if the United States insists on going its own way, China will accompany it to the end", seemingly wanting to fight hard with the United States to the end. Some experts have analyzed that this also reveals the strategic calculation of the Beijing government, they believe that tariffs will not only be used by Trump as a means of negotiation, but will also seriously damage international trade, and the harm to the United States will have a serious impact on China. However, we know that China's internal economy has been sluggish in recent years, and it will take more time to see whether the US tariff war will further cause more damage to an already difficult economic environment. The EU adopts a "fight and talk" strategy, offering a zero-to-zero tariff proposal On the other hand, at the meeting of 27-nation trade ministers held by the EU in Luxembourg, countries reached a consensus that trade disputes will be resolved through consultation on a priority basis. Maros Sefcovic, the European Commission's trade executive, said that the United States has proposed "zero-for-zero" tariffs on industrial products, that is, the two sides fully exempt each other from tariffs. However, the EU has also made it clear that it will not wait indefinitely. Sevkovic elaborated on the EU's three-point position: First, recognize the importance of cooperation with the United States in strategic areas (such as dealing with overcapacity in non-market economies, semiconductor races, supplies of key raw materials, etc.) Second, when it admits that negotiations with the United States will be protracted, it is only in the preliminary stage, because the United States regards tariffs as "corrective measures" rather than tactical means Third, while seeking open-ended negotiations, a three-track strategy will be adopted: defending interests through countermeasures, dispersing markets through new trade agreements, and stopping harmful trade diversion effects. In terms of specific actions, in response to the previous tariffs imposed by the United States on steel and aluminum products, the EU is expected to implement the first wave of retaliatory tariffs on April 15, and the relevant list has been submitted to member states and will be voted on on the 9th. The second wave of countermeasures is scheduled for May 15. What has been the reaction of other countries? In addition to China and the European Union, other countries' reactions include: Canada: Canada expressed disappointment with Trump's tariffs, saying they damaged the spirit of the North American Trade Agreement (USMCA) but preferred to negotiate ways to de-escalate the conflict. At present, Canada has imposed preliminary retaliatory tariffs on U.S. goods (the exact rate is not disclosed) and has expressed its willingness to negotiate with the United States to seek exemptions or reduce the impact of tariffs. Japan: Japan takes a cautious stance, avoids direct confrontation, emphasizes its alliance with the United States, and seeks a negotiated settlement of the dispute. As a result, Japan has yet to announce retaliatory measures, and officials worry that retaliation could trigger a tougher U.S. response, favoring diplomatic channels for exemptions or tax cuts, especially those related to the auto industry. South Korea: South Korea expressed concern about tariff policies but was relatively restrained, hoping to maintain economic and security cooperation with the United States. As a result, South Korea has not retaliated so far, but is actively negotiating with the United States to protect its auto and electronics exports, while seeking to deepen cooperation with the United States in the supply chain in exchange for preferences. Mexico: Mexico has protested the Trump tariffs as a threat to North American economic integration, but favors negotiations rather than full retaliation. Mexico has not yet announced specific retaliatory measures, but the administration has said it will negotiate with the United States under the USMCA framework to obtain exemptions for some goods and may use immigration and border issues as bargaining chips. India: India is critical of Trump's tariffs as harming developing economies, but takes a wait-and-see stance. Similarly, India has not yet imposed retaliatory tariffs and is assessing the impact and plans to seek relief through multilateral negotiations (such as the WTO) or bilateral negotiations, particularly for agricultural and pharmaceutical industries. Vietnam, Argentina and Israel: These three countries have announced the elimination of all tariffs on the United States, becoming the first countries to choose a compromise. Taiwan: While the Taiwanese government considers the U.S. tariffs on Taiwan "unreasonable and regrettable," it stresses that it will not resort to retaliatory tariffs and seeks to negotiate with the United States to safeguard bilateral relations and Taiwan's economic interests. President Lai Qingde recently publicly stated that Taiwan's economy is resilient and will not be alarmed by tariffs, and sees this as an opportunity to transform and deepen cooperation with the United States. Related reports "Who cares about Taiwan" foreign tweet was choked: Chip overlord you dare to speak? Trump cancels tariffs, the stock market will turn V! Gold hits another all-time high! Market "capital hedging" Trump's global tariff war, oil and U.S. debt volatility intensified, frightened! Trump's reciprocal tariffs are "more aggressive than expected" Taiwan imposed 32%, bitcoin pin $82,000, U.S. stocks after-hours bloodbath [Trump threatens China: If the 34% retaliatory tariff is not withdrawn today, the United States will...