Trump Tariff Strategy Creates 'Self-Inflicted Market Debacle': Analyst

On Friday, China’s finance ministry announced a 34% tariff on all goods imported from the U.S., effective April 10, in response to the U.S. administration’s 54% duties imposed by the Trump-led administration during the so-called Liberation Day last week.

Trump has threatened to impose an additional 50% duty on Chinese imports if Beijing does not drop the 34% tariffs.

On Monday, Trump hinted at more openness in trade negotiations with China after threatening to impose a 50% tariff on top of the 54% already levied.

“China also wants to make a deal badly, but they don’t know how to get it started,” Trump wrote.

Wedbush analyst Daniel Ives writes that “saying we can just make this in the USA” understates how complex the supply chain in Asia ...

https://www.benzinga.com/25/04/44698325/trump-tariff-strategy-self-inflicted-market-debacle-says-wedbush-analyst