US President Donald Trump reaffirmed his commitment to his extensive tariff policies on Saturday, asserting that the ongoing trade war with China has inflicted significantly more damage on the Chinese economy than on the United States. His remarks come in the wake of substantial declines in US stock markets, which have sparked worries about a possible global recession.

In a post on Truth Social, a platform he founded, Trump defended his administration's approach to tariffs, labeling it an "economic revolution." He expressed confidence in his stance by stating, "China has been hit much harder than the USA, not even close. They, and many other nations, have treated us unsustainably badly. We have been the dumb and helpless 'whipping post,' but not any longer. We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN. HANG TOUGH, it won’t be easy, but the end result will be historic. We will, MAKE AMERICA GREAT AGAIN !!!"

Trump's comments came shortly after China's announcement of its intention to impose reciprocal tariffs of 34% on all US imports starting April 10. This decision is a direct response to Trump's prior announcement of a similar 34% tariff on Chinese goods entering the United States. The situation has escalated tensions between the two largest economies in the world and raised the stakes in their already fraught trade relationship.

In an official statement, China's State Council Tariff Commission condemned the United States' actions, describing them as "a typical unilateral bullying practice" that violates international trade norms and "seriously undermines China’s legitimate rights and interests." This response indicates the deepening rift between the US and China, highlighting the complexities and challenges of international trade.

Despite China’s strong condemnation, Trump dismissed their reaction as indicative of their own vulnerabilities. He claimed that Beijing had "panicked" in response to his newly announced tariffs, framing the situation as a sign of strength for the US. Trump's assertions come at a time when the global economy is facing uncertainty, with both countries weighing the implications of their trade policies on their respective economies and the broader market.

The ongoing trade tensions have not only impacted US-China relations but also stirred global markets, prompting analysts to question the long-term effects of such tariff strategies on both domestic and international economies. As negotiations remain stalled, the prospect of further escalation looms, leaving businesses and consumers alike anxious about the future.