Breaking overnight, China launching a retaliatory tariff of 125% against the United States starting Saturday, April 12. It's in response to President Trump's 145% tariff on China, but China has hinted that it will not increase tariffs again, even if the United States does.

China is pushing back on President Donald Trump’ by hiking its levies on U.S. imports to more than 80%. That's up 50%. China’s Office of the Tariff Commission of the State Council says the new tariffs on U.S. goods will begin on April 10th.

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China has just raised its tariffs against the US from 84 percent to 125 percent starting Saturday. Beijing says it will ignore any further tariff hikes from Washington. The news sent European stocks plummeting. These are live pictures from the Frankfurt Stock Exchange of Germany's DAX stock index. The day had started optimistically for investors before Beijing's announcement. The United Nations trade agency has said the tariffs will have a catastrophic impact on developing nations. China says the US should bear full responsibility for the global economic turbulence.

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During a US Senate finance committee hearing, the US senator from Virginia Mark Warner slammed Donald Trump's 10% tariff on Australian imports, referencing the free trade agreement between the two countries and Australia's trade surplus with the US.

The senator labeled the new tariff policy 'insulting' and 'ridiculous', calling Australia 'one of our strongest allies'.

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Amazon sellers are reeling amid Trump's 125% tariffs on Chinese goods, telling CNBC they will need to raise prices and could go out of business. Up to 70% of goods on Amazon are imported from China. Seven of the eight U.S.-based Amazon sellers CNBC talked to said that manufacturing in the U.S. isn't financially possible, despite tariffs. One positive: Trump did close a loophole that was helping direct-from-China sellers on Temu and Shein undercut U.S. seller prices. The "de minimis" exemption that allowed goods under $800 to avoid all taxes and duties will end on May 2.

Update: On April 10, 2025, the White House clarified to CNBC that tariffs on imports from China now effectively total 145%.

Chapters:
0:00 Introduction
1:40 Trump tariffs and price hikes
5:10 China made, U.S. based
8:01 Reviving U.S. manufacturing?
11:24 Ending de minimis

Produced and shot by: Katie Tarasov
Edited by: Matthew Soto
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Mallory Brangan
Additional Footage: Amazon, Basic Fun, Genius Games, Getty Images, Portable Winch, Teamson, Vyper Industrial, Zest

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How Trump’s China Tariffs Could Shutter Amazon Sellers In The U.S.

China will raise tariffs on all US goods from 84% to 125% starting April 12, and said it plans to ignore any further increases announced by Washington from here because the Trump administration’s moves have become “a joke.” Bloomberg's Rosalind Mathieson and Goldman Sachs' Christian Mueller-Glissman react to the news and its likely impact on markets and the economy. They speak on Bloomberg Television.
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White House LIVE: Karoline Leavitt On US-China Trade War, Trump's Tariff | Donald Trump | N18G

White House Press Secretary Karoline Leavitt holds a briefing for news media.
China has escalated its trade dispute with the United States, announcing additional tariffs of up to 125% on a broad range of American goods starting April 12.
The Chinese Ministry of Commerce issued a stern warning, saying: “If the US insists on continuing to substantially infringe upon China’s rights and interests, China will resolutely counterattack and fight to the end.”
China has also filed a new complaint with the World Trade Organization (WTO) against the latest tariff measures by the US.
The move comes after the White House clarified on Thursday that total US tariffs on most Chinese imports now stand at 145%—higher than the 125% figure initially cited by President Donald Trump.
The sharp response marks a deepening of tensions, with Beijing making it clear that it will not back down easily. “If the US continues to impose additional tariffs, China will ignore it,” the ministry said.
Chinese President Xi Jinping has weighed in on the escalating US-China trade dispute for the first time, declaring that China is “not afraid” of external pressure.
In a meeting with Spanish Prime Minister Pedro Sanchez in Beijing, Xi underscored China’s legacy of self-reliance over the past 70 years, asserting that the country does not depend on foreign aid.
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President Donald Trump's tariffs on Chinese imports are now at least 145% as he aims to drive down the trade deficit and punish for Beijing for retaliating US tariff measures. Trump said he raised the reciprocal tariff on China to 125%. But that number did not include a 20% levy put in place earlier this year because of China's role in fentanyl trafficking. Bloomberg's Kailey Leinz reports.

China has raised tariffs on US goods to 125% as the trade war with the US over Donald Trump's global tariffs escalates.

Beijing faces a 145% levy on some of its goods imported to the US.

President Xi Jinping called on the EU to join Beijing in opposing "bullying" from the US, and said "there are no winners in a tariff war".

Despite this, Donald Trump said he is still hoping to secure a deal with Beijing, adding they would "end up working something out that's very good for both countries".

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China is hitting the U.S. where it hurts by imposing a 34 per cent reciprocal tariff on imports and restrictions on key rare-earth minerals. In response, U.S. President Donald Trump is threatening an additional 50 per cent tariff if China fails to withdraw its measures. Andrew Chang explains the escalation of the trade war between the world's two largest economies and the potential impact of China's retaliation.

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Saying it was a mistake for China to retaliate to Trump's tariffs with more tariffs, the White House has announced a 104% tariff will be levied against China.

"Karoline Leavitt: The president, when when America is punched, he punches back harder. That's why there will be 104% tariffs going into effect on China tonight at midnight."

Chinese leader Xi Jinping has said his nation is “not afraid,” in his first public comments on the escalating trade war with the United States, as Beijing raised tariffs on US goods to 125%.

The tariff hike is the latest in a tit-for-tat battle between the world’s two largest economies, after Trump raised tariffs on China to 145%. However, China has indicated it does not intend to go higher than 125%, saying it would be meaningless to engage in further escalation.

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US President Donald Trump has placed a 145% tariff on Chinese imports to the US, but rolled back to baseline 10% tariffs for the rest of the world for the next 90 days.

The US president on Thursday acknowledged “transition difficulty” after the US stock market fell sharply. Markets are still below where they were pre-tariffs despite Wednesday’s gains.

So why is Trump placing tariffs on trade? Is the US in a trade war with China? What has happened in the stock markets? And what has been the response in the UK?

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Donald Trump's pause on a suite of tariffs that shook global markets this week has been controversial and drawn accusations of market manipulation, but may simply be a hardball tactic to recalibrate the world economy to Washington's advantage.
Trump's reciprocal tariffs first struck after midnight on Wednesday, and sent markets plummeting. He was quick to post to his Truth Social platform after the start of morning trade, telling investors to "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" and, minutes later, "THIS IS A GREAT TIME TO BUY!!!."
Within hours, he'd reversed course: While the US will maintain a universal 10% levy on imports at the border, a swath of additional taxes — for some nations as high as 50% — were lifted.

Chapters

00:00 Introduction
00:24 Timor Besedes, Economics Professor, Georgia Institute of Technology
04:18 Glenn Tiffert, Hoover Institution
09:24 Bruce Stokes, German Marshall Fund

The news sent diving markets suddenly soaring to the biggest single day on the S&P 500 and second-best for the Nasdaq since 2008.

Only China saw its tariffs remain in place, with Trump further increasing them.

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Watch with us as the four members of NASA's SpaceX Crew-9 mission—NASA astronauts Nick Hague, Suni Williams, Butch Wilmore, and cosmonaut Aleksandr Gorbunov—return to Earth.

Suni Williams and Butch Wilmore began their mission at the International Space Station on June 6, 2024, arriving aboard Boeing's Starliner spacecraft. Nick Hague and Aleksandr Gorbunov arrived at the station on Sept. 29, 2024. Hague and Gorbunov launched to space aboard SpaceX's Dragon Freedom spacecraft, which has been docked to the station since September and is now bringing Crew-9 back home.

Crew-9 is scheduled to begin their deorbit burn at 5:11 p.m. EDT (2111 UTC) and splash down off the coast of Florida at 5:57 p.m. EDT (2157 UTC). After splashdown, crews will retrieve the Dragon and its crew in a process scheduled to take approximately one hour.

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US Elections: The Truth Behind Opinion Polls | Vantage with Palki Sharma

US presidential candidates Donald Trump and Kamala Harris are neck-and-neck in the latest national polls. Harris’s national lead over Donald Trump has narrowed significantly, standing at less than one percentage point, according to a recent New York Times poll. This is her narrowest lead since mid-August. But how accurate are opinion polls? Can they really predict election outcomes? Watch the video to learn how opinion polls actually work.

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US Elections 2024 | Opinion Polls | Donald Trump | Kamala Harris | US Election Polls | Trump vs Harris | Harris vs Trump | Firstpost | World News | News Live | Vantage | Palki Sharma | News

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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

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Vice President Kamala Harris maintains a narrow advantage in two of the three “blue wall” states that collectively represent her clearest path to an Electoral College victory over former President Donald Trump, according to new CNN polls conducted by SSRS. #CNN #News

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