World News
President Trump Threatens 50% Additional Tariff on Chinese Imports
US President Donald Trump has threatened to impose an additional 50% tariff on Chinese imports in response to Beijing's retaliatory levies announced late last week.
The Trump Administration had announced a 34% tariff on imports of Chinese products on April 2, prompting China to respond with a similar rate on imports from the US on Friday.
In a social media post on Monday afternoon, President Trump threatened to respond with an additional sharp increase in the tariff rate.
"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," President Trump said.
"Additionally, all talks with China concerning their requested meetings with us will be terminated."
Announcements around tariff rates have triggered a sharp selloff in a range of markets over the past week. ICE Brent crude futures have dropped by more than $10/bl since Wednesday's close.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 495.00 | 9.00 | 600.00 | 4.50 |
| Rotterdam | 447.50 | 5.50 | 607.50 | 8.00 |
| Houston | 468.50 | 5.50 | 627.00 | 16.00 |
| Fujairah | 490.50 | 7.50 | 718.00 | 4.00 |
| Global 20 Ports Average | 523.00 | 2.00 | 704.00 | 4.00 |
| Global 4 Ports Average | 475.50 | 7.00 | 638.00 | 8.00 |
| Global Average Bunker Price | 563.50 | 0.50 | 740.00 | 7.50 |
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