China Makes Trump Trade War Vow
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US President Trump's tariffs, now fully implemented, are projected to significantly impact China's economy, potentially reducing its growth by 2.4%. G
From The Times of India
China's top leaders plan to convene a meeting as early as Wednesday to discuss measures to boost the economy and stabilise the capital markets, people with knowledge of the matter said, amid an escala...
From AOL
President Donald Trump is imposing tariffs on the world at will, spooking markets and straining alliances.
From CNN
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Continued tariff escalation between the United States and China presents a downside risk to a 2025 full-year real GDP forecast of 4.5% for China, Goldman Sachs said in a note.
China trade tensions with 104% tariffs are affecting Chinese markets, the Hang Seng Index, and yuan. Get technical analysis and sector impact assessment.
US President Donald Trump’s punishing tariff of 104 per cent on China has come into effect, sending markets into a tizzy yet again. This has pushed the world’s two biggest economies to the brink of a trade war,
Germany has temporarily suspended any further admission of refugees via a UN resettlement programme, the dpa news agency reported on Tuesday, citing the interior ministry and the UN refugee agency (UNHCR).
Near the top of the list are Vietnam and Cambodia which have been hit by some of the highest tariffs: 46% and 49%. Further down are Thailand (36%), Indonesia (32%) and Malaysia (24%). The Philippines gets a tariff of 17%, and Singapore of 10%.
Crude oil prices plunged to a fresh four-year low as the US-China trade war escalated. Other economic-growth-sensitive commodities, including iron ore and copper, also slumped in recent sessions amid deteriorating demand outlooks in the world’s largest importer.
In theory, Xi is sitting on a potentially nuclear option as he turns the screws on Trump. China is the second-largest holder of US debt, known as treasuries, in the world. If it opted to dump this government debt, the blow to the US would be seismic.
"The reason why cooler heads will prevail is that, again, in a trade war, everybody will suffer; the US will suffer the least," Eisman said.
World Economic Forum President Børge Brende says global economy needs 'all the growth possible' amid rising protectionism and inflation fears.
SINGAPORE] Singapore may or may not enter a recession this year, but its economic growth will no doubt be “significantly impacted” by the onslaught of tariffs wreaked by Trump, Prime Minister Lawrence Wong said in Parliament on Tuesday (Apr 8).
By Susan Heavey, Trevor Hunnicutt and Joe Cash WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump's sweeping tariff plan.