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Trump Slams China With 104% Tariff | Currency War Heats Up

Trump Slams China With 104% Tariff | Currency War Heats Up

Business Today
Business Today
  • New Delhi,
  • Apr 9, 2025,
  • Updated Apr 9, 2025, 12:33 PM IST

U.S. President Donald Trump has once again stirred global headlines with his fiery comments on tariffs and China's economic tactics. In a sharp critique, Trump announced that a 104% tariff on China — calling it a justified response to years of being "ripped off" by other nations, including China, which he alleges has historically imposed tariffs as high as 125% on U.S. goods. But Trump didn't stop there. He accused Beijing of manipulating its currency to offset the impact of these tariffs, saying, "You're not supposed to do that, the game isn’t supposed to be played that way." He further warned that this strategy will ultimately backfire on China due to its heavy dependence on energy imports, while asserting that the U.S. is energy independent.

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