As international markets tumble and tariffs soar, a Chennai-based monetary planner supplied a stark actuality examine. “Unusual as it might sound, US wants China greater than China wants US,” D Muthukrishnan wrote on X. “If China is going to lose one eye, US would lose each. Majority of the world would be partially blind too.”
His warning comes as the US-China commerce war escalates to an unprecedented excessive.
Lower than 48 hours after Beijing slapped a retaliatory 34% tariff on American items, Donald Trump has responded with a sharper blow—asserting a further 50% tariff on all Chinese language imports. This pushes complete US tariffs on Chinese language items to an all-time excessive of 84%, and when mixed with the White Home’s 10% international tariff, China now faces a 94% import levy into the USA.
Trump made the announcement at 11:30 a.m. US time (9 p.m. IST) by way of his social platform, Reality Social. Referring to China as a “tariff abuser,” he stated:
“Yesterday, China issued retaliatory tariffs of 34 per cent, on high of their already file setting tariffs, non-monetary tariffs, unlawful subsidization of corporations, and big long run foreign money manipulation, regardless of my warning that any nation that retaliates in opposition to the US… will probably be instantly met with new and considerably increased tariffs.”
He then issued a closing ultimatum:
“If China doesn’t withdraw its 34 per cent enhance above their already long run buying and selling abuses by tomorrow, April eighth, 2025, the USA will impose extra tariffs on China of fifty per cent, efficient April ninth.”
The White Home additionally confirmed that every one commerce negotiations with China will probably be halted, whereas talks with different nations—people who have not retaliated—will transfer ahead.
“Moreover, all talks with China regarding their requested conferences with us will probably be terminated! Negotiations with different international locations, which have additionally requested conferences, will start going down instantly.”
World inventory markets and oil costs have plunged over the past 72 hours, following Trump’s resolution to impose reciprocal tariffs on all international locations taxing US exports. “These are, as the title suggests, simply reciprocal – which suggests we do to them, what they do to us,” he stated throughout a earlier briefing.
Earlier than Trump’s newest escalation, Beijing had warned that such measures would set off a “painful commerce war” that would “not profit anybody.”
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