China imposes 84% retaliatory tariffs on U.S.
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Reuters |
China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said on Thursday.
Associated Press |
China again vowed to “fight to the end” against Donald Trump’s tariffs on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.S. came...
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Some say the abrupt 180 has only made things more confusing as the world attempts to navigate Trump’s trade war.
A top White House trade official has a message for world leaders caught in the crosshairs of US President Donald Trump’s tariff plans: it’s “just the beginning.”
The Director-General of the World Trade Organization said new tariffs announced by the U.S. along with those introduced at the start of the year could lead to a contraction of around 1% in global merchandise trade volumes in 2025.
After the chaos that had followed Mr Trump’s announcement of “reciprocal” tariffs a week earlier, that is no small source of comfort for the world. But do not mistake the consolation of having avoided disaster for good fortune.
EXCLUSIVE: A key moderate Democrat is warning his party they are heading the "wrong" way on trade. Rep. Jared Golden, D-Maine, was one of the few Democrats to express some optimism at President Donald Trump's support for tariffs, specifically his move to add a 10% baseline duty to all U.S. imports.
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Trade flows would fall further if the U.S. were to respond to any retaliation with further tariff increases, said Ngozi Okonjo-Iweala, the WTO’s director general.
Trump announced a minimum tariff of 10% on global imports, with the tax rate running much higher on products from certain countries like China and those from the European Union. Smaller, poorer countries in Asia were slapped with tariffs as high as 49%.
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Al Jazeera on MSNFact check: Are other countries ‘cheating’ the US on trade?Our leaders allowed foreign countries to rig the rules of the game, to cheat, to steal, to rob, to plunder,” White House adviser Stephen Miller said on April 4 on Fox News. T
Often referred to as the "global trade police," the World Trade Organization (WTO) is actually bound hand and foot by its