Last Wednesday, Donald Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, bringing duties on all Chinese imports to the US to well over 54%.

Then, China hit back with 34% retaliatory tariffs on imports of US goods.

In response, the US president said Washington will impose additional 50% tariffs on China if the nation does not withdraw its 34% retaliatory tariff by today.

China did not.

Sky News' Gurpreet Narwan explains the possible impact of more tariffs on China and on world trade.

Read more: https://news.sky.com/story/wha....t-china-could-do-nex

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United States President Donald Trump’s sweeping tariffs on dozens of trading partners took effect on Wednesday (Apr 9), including a 104 per cent duty on China. CNA’s Elizabeth Neo crunches the numbers to find out they will impact the cost of items for American consumers.

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President Trump implemented his sweeping tariffs on U.S. trade partners. The European Union has now approved new tariffs on U.S. goods and China is also hitting back. NBC News’ Kelly O’Donnell and Janis Mackey Frayer report the latest. CNBC senior markets correspondent Bob Pisani and New York Times trade and economics reporter Ana Swanson join Ana Cabrera to provide more insight on the global impact.

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China announced it will raise tariffs on U.S. goods to 84% starting April 10, in direct response to President Trump’s latest tariff hike.

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China has retaliated in the ongoing trade war with the US by imposing 84% additional tariffs on US goods, bringing the total Chinese tariffs to 118%. This move comes in response to Trump's 104% tariffs on Chinese goods. The escalating trade war is causing uncertainty in global markets, with the Bank of England warning of increased risks to global economic growth. The situation presents both opportunities and challenges for India, as Indian exporters might find new markets while facing risks from Chinese goods. #uschinatradewar #trumptariffs #globaleconomy #itwebvideos #tariffs #economicimpact #indiatrade #globalmarkets
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China is continuing to seek adequate responses as it remains the target of massive US trade tariffs despite US President Donald Trump's turnaround decision on Wednesday to pause the hefty levies he had just imposed on dozens of other countries. Trump has raised the tariff on Chinese imports to the US to 125%, up from the 104% levy that went into force on Wednesday. Beijing, in its turn, may well once more up the 84% tariffs it applied to US imports on Wednesday in retaliation to Trump's initial move. It has vowed to "fight to the end" in the trade war that is rapidly escalating between the world's two top economies. China says it has held talks with the European Union and Malaysia on enhancing trade ties in response to the friction with the US. It also said it had filed a protest with the World Trade Organization (WTO), complaining of "bullying" tactics by the Trump administration.
Trump, who says he raised the tariffs on Chinese imports in response to China's "lack of respect" for global markets, has insisted that a trade agreement will be reached with Beijing. "A deal's going to be made with China," Trump said, while adding that China's leaders "don't quite know how to go about it." China is the second biggest provider of imports to the US after Mexico.

China has called on the United States on Thursday to meet it "halfway" as a trade war between the world's two top economies gains momentum, but promised to "fight to the end" if no compromise can be reached. "The door to dialogue is open, but it must be based on mutual respect and conducted in an equal manner," Commerce Ministry spokeswoman He Yongqian told a regular press briefing. The use of pressure, threats and blackmail was not the right way to deal with China, He said. She warned that US tariffs on international trading partners would "severely impact the stability of the global economic order." China would continue to resolutely safeguard its sovereignty, security and development interests, she said. China's Foreign Ministry also warned that the US tariffs were harmful to the whole world. The tariffs "seriously damage the rules-based multilateral trading system, and seriously impact the stability of the global economic order," Foreign Ministry spokesman Lin Jian said. "This is a blatant act that goes against the will of the world and goes against the whole world," he added.

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Bloomberg Opinion columnist Karishma Vaswani says President Donald Trump's aggressive tariffs could drive Asian nations to strengthen cooperation with each other and consider drifting back toward China, eroding America's strategic edge in the Indo-Pacific. Her views are her own.
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A sudden social media post from Donald Trump has turned all his tariff plans upside down, again. "Based on the lack of respect China has shown to the world markets", he declared, "I am hearby raising the tariff charged by the United States of America to 125%".

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As for the countries which he said had not "at my strong suggestion retaliated in any way, shape or form...I have authorised a 90 day pause and a substantially lowered reciprocal tariff during this period of 10%".


It took several questions to the White House press secretary to establish that this was a universal flat rate - and not on top of the 10% already imposed.

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China has responded to the US by imposing additional tariffs of 50 percent on imports, making a total of 84 percent.
This follows the US decision to put rates of 104 percent on China on Wednesday
China - the world's second-largest economy - is calling President Donald Trump's move 'reckless.'
The US administration pushed ahead with introducing a second round of global tariffs on Wednesday, despite worldwide concern.

Al Jazeera’s Katrina Yu reports from Beijing.

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China holds $760 billion of US govt bonds.

Many call it Beijing’s most underused weapon !

Prashant Nair explains.

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LIVE: Trump Pauses High Tariffs for 90 Days for All Nations Except China | Vantage with Palki Sharma | N18G

US President Donald Trump has announced a 90-day pause on "retaliatory" tariffs for over 75 countries, merely 12 hours after his 'Liberation Day' tariffs came into effect. He has now kept a baseline tariff of 10% for all the nations that reached out to the US, seeking a trade deal. Trump has, however, escalated the trade war with China, and has imposed a 125% tariff on Beijing. This came after China imposed an 84% tariff on US, in retaliation to Trump's earlier-announced 104% tariffs on China. Trump had initially levied a total 54% tariff on Beijing, which was quick to retaliate with a 34% tariff on the US.
Almost four hours before formally announcing the tariff pause on Wednesday, Trump had posted on his social media platform Truth Social: "This is a great time to buy!" This sent the stock market shooting up, which had been largely plunging since 'Black Monday'. But the traders still seem uncertain, with the markets still shaking on Thursday. The White House has maintained that this 90-day period shall be used to secure trade deals with US trade partners.
Meanwhile, the tariffs on Canada and Mexico, along with the 25% import tax on automobiles, still remain unchanged as they were not part of Trump's April 2 'Liberation Day' tariff plan.

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Former Trump national security adviser John Bolton tells CNN’s Anderson Cooper that the president’s tariff agenda is “economic illiteracy” and he should engage in tough negotiations with China on trade policy. #CNN #News

United States President Donald Trump has announced he will raise tariffs against China to 125 percent, in a rapidly escalating trade war that has seen China already retaliate with 84 percent tariffs, effective April 10.
Trump has also sought to reward countries that negotiated in the wake of his latest round of tariffs, which took effect at 12:01am EST on Wednesday (04:01 GMT).
He offered a 90-day pause and a lowered reciprocal tariffs of 10 percent to other countries outside of China, which sent markets surging after days of slumping numbers.
China’s Finance Ministry says the US’s escalation of tariffs is a “mistake on top of a mistake”, and the European Union says it approved “trade countermeasures” that will go into effect on April 15.

Al Jazeera’s Mike Hanna joins us live from Washington, DC to discuss the latest developments.

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The US stock market is showing little faith in Donald Trump's economic policies.

US stocks were down Thursday but European and Asian markets rallied.

The US president announced on Wednesday he was pausing all tariffs for 90 days except for those levied on China, which remain at 145%.

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China is hoping to turn "crisis into opportunity" in its tariff war with US President Donald Trump. CNN Senior China reporter Simone McCarthy has more. #CNN #news

ABC Finance Presenter Alan Kohler says US President Donald Trump's tariffs are a step away from America's 80-year history of promoting free trade, ushering in a 'new order' for global markets.
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US President Donald Trump has authorised a 90-day pause on the implementation of some new tariffs and also raised tariffs on Chinese goods to 125%.

Trump said he was raising tariffs on China “effectively immediately”.

In his post on his Truth Social platform, Trump said: "At some point, hopefully in the near future, China will realise that the days of ripping off the USA, and other Countries, is no longer sustainable or acceptable.”

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Trump defenders are trying to spin Trump’s tariffs as an attempt to bring the middle-class economy back to the heyday of the 1960s. But Trump himself keeps saying his plan will return America back to the 1890s. “Don't think GM—think Triangle Shirtwaist Factory,” says Hayes. 

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Tensions are rising again as the US imposes massive tariffs on Chinese goods in 2025, with China hitting back hard. From bond dumping to tariff escalations, what does this mean for global markets? Watch now to understand the full impact of US-China trade wars!

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What is covered?
00:00 - Introduction
00:39 - US China Trade War
05:36 - Connection of US bonds and China


#CARachanaRanade #usa #china

China does not want a trade war but will not fear it if the United States continues its tariff threats, the Chinese foreign ministry said.

#china #us #trade #war #tariffs #economy