During a speech at the National Republican Congressional Committee donor dinner on Tuesday, Trump claimed the tariffs are already yielding results.
“These countries are calling me up, kissing my a**… they are dying to make a deal. Please, please, sir, make a deal. I'll do anything,” he said, declaring the so-called “tariff situation” a “legendary” success. He insisted China had “ripped us off,” and now, “it’s our turn to do the rippin’.”
https://x.com/WatcherGuru/status/1909802829507625222
The White House reinforced Trump’s stance earlier in the day, with Press Secretary Karoline Leavitt stating that the President “is not considering an extension or delay” and is ready for “tailor-made trade deals” with any nation willing to negotiate.
But China isn’t budging. In official statements, Beijing’s commerce ministry blasted the move as “a mistake on top of a mistake,” vowing to “fight to the end.” Chinese Premier Li Qiang said his country is fully equipped to “offset any negative shocks,” while labeling the U.S. tariffs as economic “blackmail.”
Li, speaking in a call with European Commission President Ursula von der Leyen, added: “Protectionism leads nowhere — openness and cooperation are the right path for all.”
The retaliatory tone comes as the U.S.–China trade war threatens to spiral further. China has already enacted its own 34% tariff on U.S. goods and could escalate. Economists warn the clash could disrupt global supply chains and trigger a recession — with markets already reacting sharply.
Bitcoin, altcoins slide as Trump’s China tariffs and Fed jitters spark sell-off
Bitcoin (BTC) and top altcoins took a hit on April 9, as escalating trade tensions and a hawkish Fed outlook rattled global markets.
At the time of writing, BTC was trading at $77,739.94, down 2.28%, extending its retreat from recent highs. The broader market followed suit, with XRP, Solana (SOL), and Cardano (ADA) each down around 6% over the past 24 hours. XRP is facing strong bearish momentum with support at $1.60, SOL risks deeper losses below $100, and ADA is nearing a possible reversal within a falling wedge pattern.