Washington, Apr. 7, (dpa/GNA) – US President Donald Trump is threatening to levy “ADDITIONAL Tariffs on China of 50%.”

He has given Beijing until Tuesday to withdraw retaliatory tariffs of 34% or else pay an extra price from Wednesday, Trump wrote on his platform Truth Social.

The White House has meanwhile denied speculation about a possible suspension of the massive US tariff package. A government official described the rumours as “fake news” when asked for comment.

The speculation about a pause had caused a stir on social media and led to significant market fluctuations.

The rumours may have been triggered by an X post over the weekend by hedge fund billionaire Bill Ackman, who had previously supported Trump.

On Sunday, Ackman suggested a 90-day pause to renegotiate “unfair asymmetric tariff deals” and attract new investments worth trillions to the United States.

He described the new tariffs planned for Wednesday against nearly all countries as an “economic nuclear war.”

GNA

PDC