• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Donald Trump was given grave warning over Chinese tariffs during first term as president

Home> News> US News

Updated 19:49 9 Apr 2025 GMT+1Published 19:35 9 Apr 2025 GMT+1

Donald Trump was given grave warning over Chinese tariffs during first term as president

Donald Trump was warned about his 'obsession' with China years ago

Anish Vij

Anish Vij

Donald Trump was previously warned about his 'obsession' over trading with China during his first term as President of the United States, according to a former Australian Prime Minister.

It's no secret that America and China are at each others' throats in a tariff war, which continues to escalate following Trump's decision to raise them again.

Tariffs explained

Tariffs are basically government-imposed taxes on imported goods. With foreign products costing more, it encourages local businesses to compete with one another.

Advert

On the flip side, an increase in tariffs can raise prices for consumers and cause trade tensions.

Trump raises China's tariffs again

Trump' tariffs of 104 percent on Chinese exports came into effect on Wednesday (9 April), the same day China hit back with tariffs of 84 percent on goods coming from the US.

Amid a world-wide meltdown, however, today (9 April) Trump announced a 90 day pause on ‘reciprocal’ tariffs but raised them again for China, this time, to 125 percent.

Malcolm Turnbull's warning

This comes after Malcolm Turnbull, the 29th Prime Minister of Australia, said he warned Trump about what could happen to the global markets.

Turnbull, who was in charge of Australia from 2015 to 2018, shared an excerpt of his 2020 memoir on X, writing in the post: "Deja vu all over again."

Advert

"We talked about America's trade deficit with China on many occasions; it was almost an obsession with him," he wrote in his best-selling book A Bigger Picture: With New Foreword.

"I urged him to stop trying to get the Chinese 'to buy more of our stuff' and instead focus on fair and reciprocal trade, a level playing field: if that were achieved, then the trade balance would be whatever it was, but would probably improve from his point of view.

"When we met privately in Manila in November at the East Asia Summit, he asked me what I thought would happen if he banned all Chinese imports into the United States.

Donald Trump was warned about his 'obsession' with China years ago (Demetrius Freeman/The Washington Post via Getty Images)
Donald Trump was warned about his 'obsession' with China years ago (Demetrius Freeman/The Washington Post via Getty Images)

"'A global depression', I said, as quietly as I could."

Advert

Now, in today's announcement, Trump also said he would keep 10 percent baseline tariffs on most countries.

"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States," he added.

"I have authorised a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10 percent, also effective immediately.

"Thank you for your attention to this matter!"

Featured Image Credit: Carl Court - Pool/Getty Images

Topics: Donald Trump, US News, Politics, China

Anish Vij
Anish Vij

Anish is a Journalist at LADbible Group and is a GG2 Young Journalist of the Year 2025. He has a Master's degree in Multimedia Journalism and a Bachelor's degree in International Business Management. Apart from that, his life revolves around the ‘Four F’s’ - family, friends, football and food. Email: [email protected]

X

@Anish_Vij

Advert

Advert

Advert

Choose your content:

9 hours ago
10 hours ago
  • 9 hours ago

    Secret Jeffrey Epstein files set to be made public for the first time this week

    The Department of Justice will start sharing records related to Jeffrey Epstein this week

    News
  • 9 hours ago

    Trump's height once again questioned as image from meet with European leaders goes viral

    Donald Trump is officially listed at 6’3” but many have disputed this

    News
  • 10 hours ago

    Streamer known for extreme challenges dies on live stream following 'ten days and nights of torture'

    Horror as streamer Raphaël Graven, better known as Jean Pormanove, died on a live broadcast

    News
  • 10 hours ago

    Wife finds husband's body behind garden shed two days after police launched missing person probe

    The father went missing for almost 48 hours before his body was found in a garden

    News
  • Donald Trump reveals what will happen if countries don’t ‘make a deal for both parties’ on tariffs during 90-day pause
  • China tells Donald Trump to ‘stop whining’ amid trade war after US president raised tariffs to 245%
  • Donald Trump makes thoughts clear on whether he will run for third term as president
  • Expert shares three ways Donald Trump could run for third term as president following warning from former advisor