Trump says 80% tariff on Chinese goods 'seems right'

By: thestreet|2025/05/09 20:00:21

President Donald Trump said on May 9 that an 80% tariff on Chinese goods “seems right,” signaling an aggressive escalation in his ongoing trade war rhetoric. Speaking to reporters, Trump doubled down on his protectionist stance, saying, “We’ve been taken advantage of for too long. An 80% tariff — that seems right to me.” This comes after Trump reinstated a 145% tariff on certain Chinese imports earlier this year, citing unfair trade practices and intellectual property theft. The new comment suggests that even higher levies could be in the pipeline should Trump pursue re-election policies or exert further influence on Congress. Crypto market surges as major tokens rally across the board The global crypto market is on an upswing, with Bitcoin trading above $103,000 and Ethereum crossing $2,350 — both posting strong weekly gains of 6.4% and 28.5%, respectively. Altcoins are also showing bullish momentum: XRP is up 9.1%, Solana has climbed 12.7%, and Dogecoin has rallied 13.7% in the last 24 hours. The total market cap stands at over $3.3 trillion, fueled by renewed investor optimism and macroeconomic easing signals. This is a developing story.

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