Un­de­terred by a stock mar­ket col­lapse that has con­tin­ued for days, Pres­i­dent Don­ald Trump threat­ened ad­di­tion­al tar­iffs on Chi­na on Mon­day, rais­ing fresh con­cerns that his dri­ve to re­bal­ance the glob­al econ­o­my could in­ten­si­fy a fi­nan­cial­ly de­struc­tive trade war.

Trump’s threat, which he de­liv­ered on so­cial me­dia, came af­ter Chi­na said it would re­tal­i­ate against U.S. tar­iffs he an­nounced last week.

“If Chi­na does not with­draw its 34% in­crease above their al­ready long term trad­ing abus­es by to­mor­row, April 8th, 2025, the Unit­ed States will im­pose AD­DI­TION­AL Tar­iffs on Chi­na of 50%, ef­fec­tive April 9th,” he wrote on Truth So­cial. “Ad­di­tion­al­ly, all talks with Chi­na con­cern­ing their re­quest­ed meet­ings with us will be ter­mi­nat­ed!”