Trump Threatens 50% More China Tariffs, Teases Talks With Others
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President Donald Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans.
Stocks swung wildly on Monday as Trump posted a series of social media messages on talks with trading partners, and volatility spiked even more after an erroneous report about the president’s willingness to consider a blanket tariff pause, which the White House denied.