{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64d53bc8af8fd800117b9642/67f5b08759cf07f9c917de52?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Donald Trump threatens new 50% tariffs on China","description":"<p>Donald Trump has threatened China with an extra 50% tariff on goods imported into the US if it does not withdraw its 34% counter-tariff, as global markets continue to fall.</p><p><br></p><p>Beijing retaliated on Sunday, following last week's decision by Trump to slap a 34% tax on Chinese imports as part of his \"Liberation Day\" that set a minimum 10% levy on nearly all of America's trading partners.</p><p><br></p><p>In a social media post on Monday, Trump gave China until Tuesday to scrap its countermeasure or face the 50% tax.</p><p><br></p><p>China's commerce ministry labelled the additional levy as \"a mistake on top of a mistake\" saying it will never accept the \"blackmail nature\" of the US.</p><p><br></p>","author_name":"Daily SumUp"}