China retaliates against Trump with 34% tariff on US goods
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The New York Times |
President Trump unveiled his most expansive tariffs to date on Wednesday, drawing quick promises of retaliation from allies who warned of a trade war that could upend the global economy.
Reuters |
President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war t...
Reuters |
"It's an all-round blockade against China," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said he was bullish on gold and shorting China and Hong Kong stocks as a result.
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China is seeking to coordinate its response to U.S. tariffs with Japan and South Korea, Chinese state media said.
South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President
China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called "somewhat exaggerated", while Tokyo said there was no such discussion.
April 2, 2025: Trump's Tariff' Liberation Day": Trump announces sweeping tariffs on almost all countries at half the rate the administration claims they charge the U.S. Some Senate Republicans join Democrats in a vote to invalidate Trump's tariffs on Canada.
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Friday, April 4, 2025. Here are the highlights: South Korean Court Officially Impeaches President Yoon Suk Yeol; Rupiah Weakens to Rp16,772 per US Dollar: What's Driving the Decline?; From Tariffs to Tensions: 5 Countries Caught in U.S. Trade Wars.
The ruling caps months of political turmoil that have overshadowed efforts to deal with the new administration of U.S. President Donald Trump at a time of slowing growth.
Cambodia, Laos, and Myanmar were hit with tariffs of 49%, 48%, and 44% respectively.
U.S. trading partners reacted from a range of relief to anger after President Donald Trump imposed tariffs on trading partners.