, and the Shanghai Composite had gained as much as 32% in the first four months of the year, virtually erasing all of last year's losses., Trump may have turned the Chinese recovery on its head. He threatened that if a trade deal were not reached by Friday, then 10% tariffs on $200 billion worth of Chinese goods would go up to 25% and an additional $300 billion worth of goods would be hit with new 25% tariffs.
"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump tweeted. "These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%."on Monday morning:"The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade. With China we lose 500 Billion Dollars.
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