President of TaiwanLai Ching-te states that he intends to not implement retaliatory tariffs against the United States. He instead expressed Taiwan's intent to import more American exports and increase its investments in the U.S. economy, beginning with a proposal for a Taiwan–U.S. bilateral zero-tariff deal. (NBC News)
U.S. president Donald Trump issues an ultimatum to China on Truth Social to reverse its 34% retaliatory tariff on all American goods by tomorrow (April 8) or face a new 50% tariff, resulting in a total 104% tariff. (CNBC)(NBC News)
China says it "will not bow" to pressure and threats by the U.S. on trade and will not lift its reciprocal tariffs despite Trumps's ultimatum to do so by tomorrow. (AFP via Barron's)