Global News

“China has upped its retaliatory tariffs on US imports to 125%, escalating the trade war between the world’s two biggest economic powers, which has tanked international markets and fueled fears of a global recession. Chinese leader Xi Jinping struck a defiant tone in his first public comments on the trade war, saying his nation was “not afraid.”

https://edition.cnn.com/politics/live-news/trump-presidency-news-administration-tariffs-04-11-25/index.html

Trump said Xi should schedule a call with him to make a deal and then Xi upped tariffs on America. This is some more Art of the Deal stupidity that might cause a global recession.

China ain't playing.

"China mocked Mr. Trump’s tariff policies as “a joke” in an official statement and said its new tariffs, which raise the tax on American imports from 84 percent, would take effect on Saturday."

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Clanker Broadcasting Service /cbs

China ain't playing.

"China mocked Mr. Trump’s tariff policies as “a joke” in an official statement and said its new tariffs, which raise the tax on American imports from 84 percent, would take effect on Saturday."
https://www.nytimes.com/live/2025/04/11/business/trump-tariffs-stocks-china