Trump Threatens China with Extra 50% Tariffs Amid Trade Tensions

President Donald Trump's aggressive trade policies have intensified global market volatility, with threats of an additional 50% tariff on Chinese imports if Beijing does not retract its recently imposed 34% tariffs. Trump has firmly stated he is not considering a pause on tariffs, insisting that negotiations will lead to 'fair deals' despite fears of a potential recession due to escalating trade barriers. China has responded defiantly, emphasizing its commitment to protect its interests and rejecting any pressure from the U.S. The European Union is also preparing counter-tariffs on U.S. goods, indicating a broader trade conflict. Financial markets continue to react negatively, experiencing significant losses as uncertainty looms over the global economy. Officials from the EU have expressed readiness to negotiate a 'zero for zero' tariff deal with the U.S., highlighting the potential for diplomatic solutions amidst rising tensions.