WASHINGTON – Global markets have plummeted on Monday for the third consecutive trading day since President Donald Trump announced his “liberation day” tariffs, with the administration giving a mixed signal on his encounters with other countries at the negotiation table.
US stocks have responded positively to short-lived false reports amplified on social media that Trump could suspend tariffs for 90 days, but the market plunged rapidly when the White House rejected the claims as “fake news.”
The upward progress has been erased when Trump announced he plans to further punish China from Wednesday.
Around 11:15am, Eastern Trump threatened to raise China’s tariffs by another 50% if the country does not retreat the 34% retaliation tax on US imports by Tuesday. If left unresolved, the latest US-China trade war It’ll hit American farmers, especially soybean producers.
Written on his Platform True Social, Trump said, “And more, all consultations with China regarding the requested meeting with us will be over! Negotiations with other countries that have requested the meeting will soon be held.”
The administration claims that more than 50 countries are reaching out to negotiate.
U.S. Treasury Secretary Scott Bescent wrote that Trump was entrusted with him to negotiate with Japan, and that he could face a 24% tax from Thursday.
“Japan is one of the closest allies in the United States and we look forward to future productive involvement in tariffs, non-tariff trade barriers, currency issues and government subsidies. We appreciate the Japanese government’s outreach and measurement approach to this process.” I wrote it On social media platforms.
“China has chosen to separate itself by retaliating and doubling its previous negative actions,” Bescent added.
European Union’s attitude
Meanwhile, European Commission President Ursula von der Leyen said she provided US Zero for Zero to Zero to industrial products.
“But we are also ready to respond through measures and protect our interests,” von der Reyen said. I said Monday at a press conference.
Trump slapped a 20% tax on EU goods, which is scheduled to be implemented Thursday, on top of the 25% tariff on steel and aluminum, which began in mid-March. Duties on 25% of all foreign cars imported into the US also began on Thursday.
The EU is poised to impose retaliatory obligations on American products in response to import taxes. The 27-national bloc is scheduled to vote for a list of US products taxed at the border on Wednesday.
When asked by a reporter in the Oval Office on Monday whether the EU offers would be sufficient to reduce tariffs, Trump said, “No, it’s not.”
Journalists gathered in an oval office for a meeting with Trump with Israeli Prime Minister Benjamin Netanyahu.
Netanyahu has pledged to “eliminate” its own trade deficit with the US
“We’re going to do it very quickly. I think that’s the right thing to do. We can also eliminate various trade barriers that have been unnecessarily held back. And I think Israel will serve as a model for many countries where we should do the same,” Netanyahu said.
When asked by a reporter if he was planning to lower Israeli tariffs, Trump said, “Maybe it isn’t.”
“We give Israel billions of dollars a year,” he added.
The meeting was streamed C-Span.
“Let’s trade.”
Two Republican senators urged Trump to take the EU offer on social media.
Senator Mike Lee of Utah I wrote it“Let’s do that deal!
“I fully agree,” said Sen. Ron Johnson of Wisconsin. I answered. “At some point, you have to get a yes to get the answer.”
Another Senate Republican, Ted Cruz of Texas, has publicly criticised Trump’s sudden collection of nearly every country around the world.
A bipartisan effort to curb power from nearly alumni of the president to impose presidential tariffs may not go far, despite the unlocking economic uncertainty since Trump. He announced his “liberation day” plan.
law Co-hosted by Washington Democrat Maria Cantwell and Iowa Republican Chuck Grassley, they will notify lawmakers before new tariffs from the White House and ask the president to limit taxes to a 60-day window unless Congress approves the extension.
According to reporters for Capitol Hill, South Dakota Senate Majority Leader John Tune appears to have shut down the idea on Monday.
“I don’t think it has a future. The president has shown he refused it. I don’t know how they’ll deliver it to the floor of the house,” Thune said. I said Politics.
The House Companion Bill is sponsored by Nebraska Republican Rep. Don Bacon.
It is likely that House Speaker Mike Johnson will bring the bill to the floor as Louisiana Republicans supported direct removal of Trump’s tariffs last week.
Last updated at 4:50pm, April 7, 2025
