Trump warns China that if it doesn't roll back tariffs, it will be hit with an additional 50%.

US President Donald Trump has threatened to impose additional tariffs on China in response to its retaliation against previously announced US tariffs. In a tweet, Trump said that if China did not reverse its tariff increase, the US would impose an additional 50% tariff on China. He also announced that all talks with China about a meeting would be stopped. This statement comes at a time of concern over a potential trade war, as well as a fall in the stock market and fears of a recession. The Dow Jones Industrial Average fell 1,200 points at the start of trading and financial forecasts point to growing difficulties for US businesses, consumers and investors. Trump, however, maintains that the tariffs are necessary for protection.

https://internasional.kontan.co.id/news/trump-ultimatum-china-tarif-tambahan-50-jikaak-batalkan-tarif-balasan

Oil prices plummet 2% to near 4-year low, dragged down by recession fears

Oil prices tumbled 2%, hitting a four-year low, on concerns about the impact of US President Donald Trump's trade tariffs on the global economy and the resulting drop in global energy demand. Brent crude for June 2025 delivery closed down 2.1% at $64.21 per barrel, while West Texas Intermediate crude for May 2025 delivery closed down 2.1% at $60.70 per barrel. These prices marked the lowest close since April 2021, following last week's 11% drop. The volatile trading session saw prices fall by more than $3 per barrel, only to rise by more than $1 on Monday morning following a report of a possible tariff pause, which was quickly denied by White House officials. China's announcement of an additional 34% levy on US goods in retaliation to Trump's tariffs added to fears of a global trade war.

https://internasional.kontan.co.id/news/harga-minyak-anjlok-2-dekati-level-terendah-di-4-tahun-terseret-kekhawatiran-resesi