Tag: China

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 …

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.

“China doesn’t play fair, and it’s time we stop letting them get away with it,” O’Leary said.

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.

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.

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, 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.

China’s consumer prices fell for the second straight month in March while producer deflation persisted, as caution grows over the economic outlook amid mounting tariff risks.

China and the European Union earlier had unveiled stiff retaliation levies on the U.S. aimed at countering Trump’s tariff blitz.