Trump on 104% tariff on China: ‘I don’t want to spend them money on my army’
As President Donald Trump threatened China with more tariffs on Monday, the White House confirmed that the new tariffs would take China’s total tariff to 104 percent if China does not return. Trump announced a 34 percent tariff on China on ‘Liberation Day’, which made the total tariffs 54 percent. It added with another 50 percent, the total tariff will reach 104 percent.
After his meeting with Israeli Prime Minister Benjamin Netanyahu, Trump said that China is a large -scale surplus and invests the extra money for the TE Army that Trump does not want. “China is a large -scale surplus. That they take and they spend on their army. We do not want them to take $ 500 billion, $ 600 billion per year and spend it on your army. I do not want them to spend money on their army. We should not spend this. We should not spend this money.
No talks with China: Trump’s ultimatum
As the market kept bleeding on Monday, Donald Trump asked people to be flexible as they announced their ultimatum for China. “Yesterday, China released 34%retaliation tariffs, already record setting tariffs, non-monetary tariffs, illegal subsidies of companies, and on top of the long-term long-term currency manipulation, despite my warnings that any country that is issuing additional tariffs, was already preceded and above,” Write down. ”
He threatened that there would not be talks with China even if China does not withdraw 34 percent tariffs till tomorrow. Trump said, “In addition, all conversations with China about their requested meetings with the US will be abolished! Negotiations with other countries, who have also requested meetings, will start immediately,” Trump said.
