Australia has swiftly turned down China’s offer to “join hands” against Donald Trump’s tariffs, as Washington escalates its trade war with Beijing. The White House recently imposed an import tax of 10 …
China reaches out to others as Trump layers on tariffs
China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it’s meeting …
Trump Tariffs Live: China tells US there are no winners in a trade war, Global stocks surge
Trump kept the pressure on China and immediately hiked the tariff on Chinese imports to 125% from the 104% level that kicked in on Wednesday. In a tit-for-tat tariff escalation, China slapped on an 84 …
Global markets rebound after Trump reversal, but 125% US tariffs on China take effect
London’s FTSE 100 is up 6% after Trump’s 90-day suspension of the severest tariffs on imports from most countries trading with the US.
Kevin O’Leary is calling for Trump to hit China with 400% tariffs
“China doesn’t play fair, and it’s time we stop letting them get away with it,” O’Leary said.
Trump Hits Back With a 125% Tariff in Escalating Trade War With China
China had raised its duty on American goods to 84% in tit-for-tat hikes that threaten to disrupt trade between the world’s two largest economies.
China’s deflationary pressures persist as trade gloom worsens
China’s consumer prices fell for the second straight month in March while factory-gate deflation worsened, as an escalating U.S. trade war heightened worries about mounting piles of unsold exports …
India gets a 90-day breather on reciprocal tariffs; Goyal assures exporters of ‘right mix and right balance’ in proposed trade deal with US
The sharply high tariffs on China could provide a comparative advantage for India, as businesses based in China may now look to shift operations to countries with lower tariff regimes, such as India.
Stocks Surge After Trump Reverses Most Tariffs but Hikes China’s Rate
Trump announced a 90-day tariff reduction to 10% for most countries but further jacked up the tax rate on Chinese imports to 125%.
Ray Dalio calls for US trade deal with China
Ray Dalio, founder of the world’s largest hedge fund, called for a U.S. deal with the Chinese on tariffs and said that the next goal for U.S. President Donald Trump’s administration should be to cut the country’s deficit to 3% of GDP.