American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

‘China played it wrong’: President Trump on tariff retaliation

by admin April 5, 2025
April 5, 2025
‘China played it wrong’: President Trump on tariff retaliation

President Donald Trump vowed Friday that his economic policies “will never change” and lashed out at China for retaliating against his new tariff regime, raising the stakes in an escalating trade standoff that has sent shockwaves through global markets.

“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” Trump wrote on social media, hours after Beijing announced a 34% tariff on all American goods in response to Washington’s own sweeping tariff hike.

While the president did not announce any new countermeasures, he has previously warned that he would escalate further if other countries respond with tariffs of their own.

“TO 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!!!” he said in a separate post.

Trump’s tone contrasted with recent statements from top administration officials, some of whom have indicated that Washington could be open to negotiations with trade partners.

But the president’s declarations suggest little appetite for compromise. Late Thursday, he said he might reduce tariffs if other nations offered something “phenomenal.”

Markets reacted sharply. Global stocks dropped, oil prices fell to a four-year low, and bonds rallied as investors fled risk.

The selloff came amid renewed fears that the tit-for-tat tariff war could push major economies toward recession.

US stocks take a dive

The stock market extended its losses on Friday after China announced new tariffs on US goods, intensifying concerns that a trade war could push the global economy into recession.

The Dow Jones Industrial Average fell 1,130 points, or 2.8%, following a 1,679.39-point drop on Thursday.

The S&P 500 declined 3.2%, building on Thursday’s 4.84% slide.

The Nasdaq Composite shed 3.5% after a 6% drop the previous session, as tech companies with significant exposure to China continued to face pressure.

Technology stocks led the declines again.

Apple fell more than 3% on Friday. Nvidia dropped 5%, while Tesla lost 6%.

All three have substantial business in China and are among the most affected by Beijing’s retaliatory tariffs.

Bank stocks also weakened on rising concerns over a potential U.S. economic slowdown.

Morgan Stanley fell 6%, Goldman Sachs declined 5.7%, Citigroup dropped 8%, JPMorgan Chase lost 6%, and Wells Fargo slipped 5%.

Trump celebrates jobs data

Trump appeared buoyed by new US jobs data released earlier in the day.

Nonfarm payrolls rose by 228,000 in March, beating forecasts and giving the White House another talking point as it defends its aggressive trade posture.

“GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING,” Trump posted.

The post ‘China played it wrong’: President Trump on tariff retaliation appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
US wealth inequality hits new high as top 10% now own 71.2% of nation’s wealth
next post
March jobs report: 228,000 added, but unemployment climbs to 4.2%

Related Posts

Record sales, shrinking margins: a mixed quarter for...

January 29, 2025

Russian deputy defense minister arrested on corruption charges

April 25, 2024

What can we expect in 2025? Ipsos survey...

December 25, 2024

Dozens killed after dam bursts in Kenya as...

April 30, 2024

‘I am leaving for the unknown.’ Palestinians fleeing Rafah...

May 8, 2024

Violent scenes as far-right protesters crash vigil for...

July 31, 2024

Ecuador faces outrage after storming Mexican embassy to...

April 9, 2024

Can Keir Starmer give Britain the change it...

June 24, 2024

Mexico’s historic election is this weekend. Here’s what...

June 2, 2024

Fed Chair Powell says no need to rush...

February 12, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Oil prices face litmus test as US-Iran nuclear talks, OPEC meeting to shape market next week

      June 29, 2025
    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025

    Categories

    • Business (3,235)
    • Investing (2,553)
    • Latest News (2,001)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved