Trump threatens China with an ADDITIONAL 50% tariff if they don’t remove their new 34% tariff on U.S. goods
Very unlikely China will remove the 34% tariff, very unlikely Trump is joking -> by April 9th we will have 100% tariff on Chinese goods.
Practically he is decoupling from China in one go.
This will have very heavy impact for both countries.
IMHO after the experience of slow decoupling in semiconductors, where the export bans have been gradual and spaced in time along 5 years, with the net result that China has been able to reach self-sufficiency with an incredible hard work but also with many years of time, now he does not want to do the same mistake and is going for the full punch immediately....
China will probably just impose another 50% tariffs on crappy US products.