China, Trump
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CNN |
The confrontation follows years of US attempts to address perceived trade abuses by China.
Newsweek |
President Donald Trump has now imposed a tariff of 104 percent on imports from China after his deadline for Beijing passed.
Reuters |
Individual investors have been working the phones for advice in the wake of U.S. President Donald Trump's sweeping tariff announcements which have sparked fears of a recession.
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China, Tariffs and Immediate Retaliation
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El Paso Times |
On Friday, China retaliated by imposing reciprocal 34% tariffs on all imports from the United States.
BBC |
US President Donald Trump's latest wave of tariffs has come into force, with imports from China hit by a 104% rate amid an escalating standoff between the world's two biggest economies.
BBC |
The new "reciprocal" tariffs due to be imposed on those countries will therefore push up the US price of a wide range of goods ultimately originating in China.
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Neither side wants to look weak by backing down on tariffs. But if their trade relationship collapses, the global consequences could be profound.
China on Wednesday called its trade surplus with the United States an inevitability and warned it had the "determination and means" to continue the fight if Trump kept hitting Chinese goods with tariffs to try and bring it down.
A 32 percent tariff on most goods from Taiwan is the latest in a string of confusing signals from the Trump administration that has Taipei wondering where it stands.
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Asianet Newsable on MSNChina's racist campaign mocks Trump's tariffs: AI memes of exhausted Americans at factories go viral (WATCH)The United States has recently imposed heavy tariffs, or import duties, on goods coming from China. This will likely reduce the supply of clothing, shoes, and other essential goods from China to the US,
The United States criticized China after Ukraine announced it had caught two Chinese nationals fighting alongside Russian forces. “It’s disturbing with the Chinese soldiers having been captured,”
In my judgment, this modification is necessary and appropriate to effectively address the threat to the national security and economy of the United States,” Trump said.
European shares bounced off 14-month lows in early trading on Tuesday after four straight sessions of heavy selling, although investors' mood remained sensitive to tariff-related developments.
Republican lawmakers fear the defiant Chinese response to President Trump’s sweeping tariffs leaves the world’s two largest economies hurtling toward a trade war that could last for months.