04/08/2025
BREAKING: Donald Trump pours fuel on America's raging economic fire by threatening a jaw-dropping additional 50% tariff on Chinese imports — and his reason is absolutely absurd.
MAGA is forcing us headfirst into a full-blown recession...
"Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set," Trump wrote on Truth Social.
Of course, the Chinese tariffs were a direct response to Donald Trump's tariffs which were themselves devised according to a harebrained formula involving trade deficits. Trump wants to hit the entire world with damaging tariffs and somehow expects them to not hit back.
"Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th," Trump continued.
"Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!" he added.
If Trump shuts down negotiations with China, the economy will remain locked in its current death spiral until Americans are reduced to abject poverty en masse. Nothing will be gained. Everything could be lost.
Trump and his billionaire cronies will be insulated from the crash by their immense wealth while the rest of us suffer and watch our savings reduced to ash. Prices will skyrocket. Millions of seniors could be forced to postpone or come out of their retirements.
Since Trump has already imposed a 20% tariff on Chinese imports, these new duties could push the effective tariff rate as high as 70% — which would grind trade between the two nations to a halt.
There is no limit to how bad things might get.
Please like and share!
Follow Occupy Democrats for more.
