‘Explosive’ Trump tariffs take effect with 104% hike on China as Don says countries are ‘kissing my a**’ to make deals
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- China vows 'fight to the end'
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- President Trump's reciprocal tariffs revealed
- Auto tariffs start on Thursday

PRESIDENT Donald Trump's explosive tariffs have officially taken effect across the globe - including a crushing 104% hike for China.
Around 60 countries dubbed the "worst offenders" by the US President have been slapped with the huge increases - sparking fears of a global trade war.
Trump has insisted the US is already benefiting from the sweeping tariffs, which he says are bringing in $2billion per day.
And as the strongest wave of tariffs yet came into effect, Trump said world leaders are lining up to "kiss his a**" and make a deal.
He also blasted "trade cheaters all over the globe" as he claimed he was standing up for working Americans.
The President spoke just hours after stoking a bitter battle with Beijing as he imposed the crippling 104% tariffs on all Chinese imports.
China has seen the highest rates, along with Vietnam (46%), Thailand (36%), Japan (24%) and the European Union (20%).
The UK has not faced any further rises beyond the 10% baseline rise which came into effect last weekend.
But despite the president's claims that business is better than ever, the trade war has already wiped trillions off global markets.
The stock market plummeted again on Tuesday after a seemingly optimistic morning.
The S&P 500 dropped 1.6%, the Dow Jones Industrial Average slid 320 points, and the Nasdaq plummeted 2.1% in response to Trump announcing new additional tariffs in his war against China.
China has vowed to "fight to the end" in what's been called a global game of chicken.
However, Trump said Beijing “wants to make a deal, badly, but they don’t know how to get it started”.
Speaking about Beijing's retaliatory tariffs, the President said: "I have great respect for China, but they cannot do this.
"We are going to have one shot at this... I'll tell you what, it is an honor to do it."
Trump coins a brand new word

Donald Trump has coined a brand new word called "PANICAN" to refer to people who he thinks are "weak and stupid" and get panicked easily.
Posting on Truth Social, Trump told Americans not to be a "PANICAN" amid his tariff war.
He said: "The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on Weak and Stupid people!).
"Be Strong, Courageous, and Patient, and GREATNESS will be the result!"
Since Trump posted the term on social media, it has gone viral and received hilarious reactions from users.
Reacting to the new word, a user wrote on X: "Oh phew. When I heard Trump created a new word, I thought that meant we were invading Panama and Canada today.”
While another user said: “Trump switches parties, becomes Panican.”
Read our Trump tariffs blog for the latest updates on Liberation Day...
Monday recap: Trump doubles down on tariffs as markets dip
- Donald Trump confirmed there will be no pause on US tariffs, saying countries are negotiating “fair deals” with Washington.
- He also threatened a fresh wave of levies — warning China faces an additional 50 per cent tariff if it doesn’t scrap its 34 per cent retaliatory duty.
- On Wall Street, the S&P 500 closed down 0.23 per cent at 5,062.25, while the Dow Jones dropped 0.91 per cent to 37,965.60.
- Meanwhile, Sir Keir Starmer warned the global fallout “could be profound” and a “huge challenge”, adding: “Nobody wins from a trade war.”
Top Republican says Congress will let Trump’s tariffs ‘play out’
US Senate Majority Leader John Thune says Congress won’t stand in the way of Donald Trump’s sweeping new tariffs.
“I expected some turbulence in the stock market, I think everybody did,” Mr Thune told reporters Monday.
“This was a change in policy, a consequential one, but I think we got to let it play out and see what ultimately happens not only in the near term, but in the long term.”
Despite bipartisan concern over the market fallout, Thune dismissed a Senate bill requiring congressional approval for new tariffs.
“The president has indicated he would veto it. I don’t see how they get it on the floor in the House. We are going to wait and see what is going to happen next,” he said.
Seven Republican senators have backed the bill, but for now, it’s going nowhere.
Starmer and Singapore PM warn: no winners in trade wars
Sir Keir Starmer has warned of the global fallout from Donald Trump’s tariffs during a call with Singapore’s Prime Minister Lawrence Wong.
The two leaders agreed that unity among allies is key to protecting the world economy.
“They both agreed that it is vital likeminded partners work together to maintain global economic stability,” a No 10 spokesperson said.
Credit: AP
Big tech stocks wobble as trump tariff threat spooks markets
Stocks in the so-called "magnificent seven" took a hit Monday after Donald Trump threatened more tariffs on China.
Tesla tumbled 2.6 per cent, while Apple dropped 3.7 per cent — with the iPhone maker seen as particularly vulnerable due to its heavy reliance on Chinese assembly lines.
“Apple has the biggest exposure to American tariffs on Chinese goods because most iPhones are assembled in China,” tech analyst Dan Ives told Reuters.
Apple previously secured tariff exemptions during Trump’s first term, but analysts are uncertain if it’ll get a pass this time — even after pledging over $500bn (£369bn) in US investment over the next four years.
Meanwhile, Nvidia surged more than 3 per cent and Amazon gained 2.5 per cent, helping soften the blow as the S&P 500 shed more than $5tn (£3.9tn) in recent trading sessions, Reuters reports.
Ttrump claims EU was formed to ‘do damage’ to the US
Donald Trump has claimed the European Union was created to hurt the United States on trade.
“The EU has been very tough over the years,” he said when asked about the bloc’s 'zero for zero' tariff stance.
“It was, I always say it was formed to really do damage to the United States in trade. That’s the reason it was formed.”
Trump added: “They formed together to create a little bit of a monopoly situation, to create a unified force against the United States for trade.”
Trump confirms no pause on tariffs: ‘We can’t be the stupid people anymore’
Donald Trump has confirmed there will be no pause on US tariffs, saying officials are “not looking at that”.
The president said several countries are now negotiating with Washington in a bid to strike “fair deals”.
“The US has been ripped off by many countries over the years,” he said.
“We can't do it anymore. We can't be the stupid people anymore.”
Credit: Reuters Trump official says up to 70 countries want tariff deals
Treasury Secretary Scott Bessent said that "maybe almost 70 countries" have approached the White House to negotiate a deal with Trump after he imposed sweeping tariffs.
"It's going to be a busy April, May, maybe into June," Bessent told .
Bessent added that he expects Japan would get priority because "they came forward very quickly."
Trump rebukes EU's tariff offer in a fiery blow
President Donald Trump said that the European Union's offer of "zero-for-zero" industrial tariffs were not enough.
"They're screwing us on trade," Trump said in the Oval Office on Monday.
European Commission President Ursula von der Leyen said at an earlier press conference, "We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners."
“Because Europe is always ready for a good deal. So we keep it on the table," she added.
The move comes as Trump announced a 20% tariff on EU goods.
Trump rebukes EU's tariff offer in a fiery blow
President Donald Trump said that the European Union's offer of "zero-for-zero" industrial tariffs were not enough.
"They're screwing us on trade," Trump said in the Oval Office on Monday.
European Commission President Ursula von der Leyen said at an earlier press conference, "We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners."
“Because Europe is always ready for a good deal. So we keep it on the table," she added.
The move comes as Trump announced a 20% tariff on EU goods.
Expert says it's 'extremely unlikely' China buckles to Trump
President Donald Trump issued a stark warning to Beijing on Monday: withdraw your 34% retaliatory tariff on the US by Tuesday or face an extra 50% tariff on Chinese goods.
“At this point, it is extremely unlikely for China to back down," said China expert Yun Sun.
Sun is the director of the China program at Stimson Center, a think tank in Washington DC.
"China is increasingly convinced that the tariff is not negotiable because Trump’s eventual goal is to bring manufacturing jobs back to the US," the expert told .
Meanwhile, Trump said that both of his plans, to impose tariffs and negotiate them with other countries, can both be true.
S&P 500 and Dow Jones close in the red
Two major US stock indexes, the S&P 500 and the Dow Jones Industrial Average, were down at the closing bell on Monday.
It's been a tumultuous time for US and global stocks after President Donald Trump announced sweeping worldwide tariffs last week.
The S&P 500 was down 11.83 points, or 0.23%, and the Dow Jones was down 349.26 points, or 0.91%, when Wall Street closed at 4 pm ET.
But the third big US stock index, the Nasdaq Composite, offered a glimmer of hope as it was up 15.48 points, or 0.10%.
Trump sets record straight on tariff rumor
President Donald Trump denied a rumor that created even more chaos in the US stock market on Monday.
There were reports that Trump was considering a 90-day pause on his global tariff war.
Trump said during an Oval Office meeting with Israeli Prime Minister Benjamin Netanyahu, "We're not looking at that."
White House Press Secretary Karoline Leavitt previously debunked the rumor about the tariff reprieve, calling it "fake news."
Israel vows to 'ELIMINATE' trade barriers
Israel's Prime Minister Benjamin Netanyahu has vowed to "eliminate tariffs" in a bid to promote free and fair trade with the US.
Speaking with reporters in the Oval Office, Netanyahu said that Israel will "eliminate the trade deficit with the United States" as Donald Trump's sweeping global tariffs loom.
"We intend to do it very quickly. We think it's the right thing to do, and we're going to also eliminate trade barriers."
"Israel can serve as a model for many countries who ought to do the same," said Netanyahu.
“I’m a free trade champion, and free trade has to be fair trade.”
US prepares to negotiate tariffs with Japan
Secretary of the Treasury Scott Bessent has announced that he will lead negotiations with Japan for "the new Golden Age of Global Trade."
In a post on X, Bessent wrote that he had a "very constructive phone discussion" with the Japanese government and looked forward to the next steps.
"Japan remains among America's closest allies, and I look forward to our upcoming productive engagement regarding tariffs, non-tariff trade barriers, currency issues, and government subsidies," he wrote.
"I appreciate the Japanese government's outreach and measured approach to this process."
Currently, Japan is facing a crushing 25% levy on auto imports and will also have a reciprocal 24% tariff on all other Japanese goods.
White House counselor blasts 'broken' trade system
Peter Navarro, the senior counselor to the president for trade and manufacturing, has blasted the World Trade Organization in a cutting opinion piece.
In the article, Navarro deemed the international trade system "broken" but stressed that Donald Trump's "reciprocal tariff doctrine will fix it."
"This long-overdue restructuring will make both the US and global economies more resilient and prosperous by restoring fairness and balance to a system rigged against America," he wrote for the .
Navarro said the US has been missing out on $1 trillion annually due to a trade deficit and had to battle unfair WTO regulations to export American-made products.
Now, under Trump's plan, Navarro hopes that foreign countries will be held more accountable to pay higher taxes for US goods.
"This is not a negotiation," wrote Navarro.
"For the US, it is a national emergency triggered by trade deficits caused by a rigged system."
Trump welcomes Netanyahu to the White House
President Donald Trump has welcomed Israelâs Prime Minister Benjamin Netanyahu to the White House for the second time since he took officeCredit: AP Trump and Netanyahu are having a meeting in the Oval Office as tariffs on Israel are set to go into effectCredit: Reuters European markets down for third day
European stocks plummeted for the third day amid Trump's global trade war.
Germany's DAX briefly dropped over a staggering 10% when the market opened on Monday.
The stock index was down 4.1% at the close of the market.
France's CAC 40 closed down 4.8% while the United Kingdom's FTSE 100 dropped 4.4%.
Trump abruptly changes plan for Netanyahu press conference
Plans for a highly anticipated press conference between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have been changed with little notice.
The two allied leaders were meant to speak jointly with reporters on Monday, but the White House confirmed that the event was no longer happening.
They said that the press conference is instead being "moved" to the Oval Office, per News Nation's Kellie Meyer.
"I’m told he’ll [Trump] already be taking questions in the Oval so they feel they don’t need to do it twice in the East room," Meyer wrote on .
Netanyahu is the first foreign leader to visit Trump since he unveiled sweeping global tariffs, including a 17% tax on Israeli goods.
Trump and Netanyahu were expected to talk about tariffs and the war in Gaza, among other issues.
'Leaked plans' reveal Canada tariff increase
Canada was one of the first countries President Donald Trump targeted in his global trade war and it seems that he is not backing down anytime soon.
The White House plans to increase the tariff on softwood lumber from Canada to around 34%, reported citing a Commerce Department memo.
The tax on imported Canadian softwood lumber is currently around 14%.
British Columbia Premier David Eby said on Saturday that the anticipated new tariff is an "attack on forest workers and British Columbians."
Meanwhile, US Lumber Coalition Chairman Andrew Miller has said that Canada's "unfair trade practices are designed by Canada to maintain an artificially inflated US market share for Canadian products and force US companies to curtail production, thereby killing US jobs."
EU offers Trump 'zero-for-zero' tariff
The European Union offered Trump on Monday to end all industrial tariffs between them and the US.
"We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners," European Commission President Ursula von der Leyen said at a press conference.
She added: “Because Europe is always ready for a good deal. So we keep it on the table."
This deal would remove taxes on imported goods such as cars, chemicals and pharmaceuticals.
It comes as Trump announced a 20% tariff on EU goods.
While von der Leyen did say that the EU is ready to negotiate with the White House, she warned, "We are also prepared to respond through countermeasures and defend our interests."
Expert says gas prices could decrease under Trump tariffs
Gas expert Patrick De Haan said on Monday that the national average for a gallon of gas could decrease if Trump keeps on with his trade war.
Gas prices have been increasing for the past three weeks with the national average reaching $3.21 this week, per GasBuddy.
But Americans could soon see a shift at the pump.
Despite the chaos caused by Trump's sweeping tariffs on imported goods worldwide, oil prices quickly fell below $60 on Monday - the first time since 2021.
Haan, head of petroleum analysis at GasBuddy, told that if Trump does not de-escalate his trade war, the average price of gas in the U.S. could dip below $3 per gallon in the next few weeks.
Trump all smiles at Dodgers ceremony despite tariff chaos
President Donald Trump was smiling wide while speaking to the Los Angeles Dodgers at a White House ceremony on Monday.
The ceremony was to honor the champions of last year's World Series.
Trump's East Room event comes as the US and global stock markets are in limbo from the president's worldwide trade war.
On Wall Street, the S&P 500 was down 1.57%, the Dow Jones Industrial Average dipped 1.92% and the Nasdaq Composite dropped 1.37% as of Monday afternoon.
President Donald Trump was smiling wide while speaking to the Los Angeles Dodgers at a White House ceremony on MondayCredit: Reuters Disturbing 'assassination threat'
A man has been arrested and accused of threatening to murder President Donald Trump in a flurry of unhinged Facebook posts.
Glenn DeCicco, who lives in Jupiter, Florida, just 30 minutes from Trump's home at Mar-a-Lago, was arrested on Friday, according to the Jupiter Police Department.
Earlier that day, the 73-year-old allegedly shared disturbing posts with messages like "ass-ass-inate," as he raved about his hatred for the president.
In another post, DeCicco appeared to discuss stocks, writing, "winning strategy: buy QQQ, sell SQQQ today; shoot Trump tomorrow," reported.
The alleged threats came days after Trump announced sweeping global tariffs that have imposed a minimum 10% tax on nearly every US good.
After cops were notified of the posts, they visited DeCicco, who ranted about his political views and appeared to be agitated, a police report seen by TMZ reveals.
When asked about the posts, DeCicco allegedly responded, "It was a thought that I had."
The police warned Secret Security about DeCicco and then arrested him.
He's being held without bond and has been charged with written threat to kill or do bodily harm.
Trump threatens China with more tariffs
President Donald Trump has released a new statement on the White House's tit for tat tariff battle with China.
In a Truth Social post, the president wrote, "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 US 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.
"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.
"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!"
Dollar Tree among 3 US stocks up at market open
Only three stocks in the S&P 500 index were up when the US market opened, one of them being a major retailer.
Dollar Tree, which owns discount stores Dollar Tree and Family Dollar, saw its stock rise by 3.21% on Monday morning.
CoStar Group, a global leader in commercial real estate information, analytics and online marketplaces, was also up 4.90%.
MarketAxess Holdings, a financial technology company, was slightly down at 9:30 am ET when the market opened but quickly ticked up.
At 9:32 am, it was up 0.03%. Since then, it has fluctuated, increasing 1.49% by 10:23 am.
Norah Mulinda, a reporter at Bloomberg, shared a mind-blown emoji when posting on about the only three S&P 500 stocks "in the green today."