China, Trump and tariffs
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President Trump increased tariffs on Chinese goods to 125% and paused tariffs on other nations that did not retaliate.
From USA TODAY
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
From Time
China's Ministry of Finance announced Friday that Beijing will increase tariffs on all U.S. goods from 84% to 125%, in response to the U.S. "imposition of abnormally high tariffs on China."
From ABC
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The tariffs on goods imported from China are more like 145% when adding in the Trump administration's previous tariffs tied to the emergency declaration on fentanyl. Trump announced Wednesday that he was bumping up reciprocal tariffs on imports from China to 125%,
While the varied "reciprocal" tariffs announced last week are on pause, universal 10% tariffs and sector-specific import taxes could still have major effects on the economy.
President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.
China on Friday struck back at President Trump's ballooning tariffs, raising its duties on imports of US goods to 125% from 84%. The countermeasures will come into effect Saturday, further ...
Trade experts say it won't take long for American consumers and businesses to feel the fallout from the tariffs. "Businesses are already feeling the tariffs," one expert says.
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The president's global raft of tariffs was dubbed "worse than the worst-case scenario" by experts, but the most alarming parts of the plan were delayed on April 9.
China's Commerce Minister Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the United States' "reciprocal tariffs", the Chinese ministry said on Friday.
2don MSN
“Xi will not be forced into a call,” said Sun Yun, director of the China program at the Washington-based think tank Stimson Center. Only once in recent history, she noted, has a Chinese leader phoned the United States without invitation — after the 9/11 terrorist attacks. The trade tensions, if unchecked, could spill into other domains, she warned.