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International Business Times

National

Marvie Basilan

'Self-Sabotage': Critics, X Users Blast Trump As 104% China Tariffs Crash Global Markets

Donald Trump X China United States

Donald Trump increased tariffs on China goods Tuesday, rocking global financial markets. (Credit: AFP)

KEY POINTS

The S&P 500 closed below 5,000 Tuesday, nearing a 20% decline that defines a bear market
Tariffs will 'make us poorer,' wrote a critic who said Trump's strategy is only raising prices for US consumers
One X user said Republicans will 'be buried for a generation' once the impact on Americans blows up
Trump has said he will stop the 'abuse' China has 'perpetrated' on its trade with the US

Critics of U.S. President Donald Trump are calling out the Republican leader amid a global financial market downturn triggered by new tariffs announced on Chinese goods, and many are saying Trump is not hurting trade partners as much as he is pummeling the livelihoods of American importers.

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