President Donald Trump on Friday insisted China was panicking with its order imposing 34% retaliatory tariffs on the imports of all goods from the United States in response to his “Liberation Day” tariffs on the Asian nation.
“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” Trump posted on his Truth Social page after the news of the Chinese tariffs broke.
China’s new tariff matches the new rate of the “reciprocal” tariff Trump ordered this week against Chinese exports.
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