Trump Tariffs, China Tariffs, US-China Tariffs War: Amid rising market panic and economic uncertainty, US President Donald Trump abruptly paused his newly imposed tariffs on most major trading partners for 90 days but sharply escalated duties on Chinese imports to 125%. The move appears aimed at isolating the trade conflict with China rather than continuing a global standoff. Trump cited outreach from over 75 countries for trade talks as the reason for his partial pullback, announcing a reduced 10% baseline tariff during the pause—still higher than previous levels. Markets cheered the shift, with the S&P 500 jumping over 9%. However, Trump’s plan for non-China trade partners remains vague. Treasury Secretary Scott Bessent said countries like Japan, South Korea, and India are seeking negotiations. While the administration framed the move as a strategic pause, critics see it as a response to deepening recession fears, bond market turmoil, and plummeting business confidence. The broader economic impact of Trump’s evolving tariff strategy remains uncertain.
- 16:33 | April 10, 2025
China-US tariff war live updates: China reaches out to others as Trump layers on tariffs
China is reaching out to other nations as the US layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat.
Days into the effort, it’s meeting only partial success with many countries unwilling to ally with the main target of President Donald Trump’s trade war.
Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favourable conditions.
China has refused to seek talks, saying it would “fight to the end” in a tariff war, prompting Trump to further jack up the tax rate on Chinese imports to 125 per cent. China has retaliated with tariffs on US goods of 84 per cent, which took effect Thursday. - AP-PTI
Trump’s move was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China.
- 16:25 | April 10, 2025
China-US tariff war live updates: EU puts tariff countermeasures on hold for 90 days to allow talks with US
EU puts tariff countermeasures on hold for 90 days to allow talks with US
EU delays countermeasures against Trump's tariffs for 90 days to allow for negotiations, says Ursula von der Leyen.
- 15:54 | April 10, 2025
China-US Tariff war Live today: Aluminium producers closely monitoring dynamic situation, say analysts
Aluminium sector watches closely as US pauses tariff hike on most nations, including India
US pauses reciprocal tariffs, India's aluminium industry closely monitors trade flows amid global market meltdown and tariff changes.
- 15:48 | April 10, 2025
US-China Tariff War Live Updates: Asia shares jump after US stocks soared to historic gains on 90-day tariff pause
World markets soared on Thursday, with Japan’s benchmark jumping over 9 per cent, as investors welcomed US President Donald Trump’s decision to put his sharp tariff hikes on hold for 90 days, though he excluded China from the reprieve.
However, US futures edged lower and oil prices also declined. Chinese shares saw more moderate gains, given yet another jump in the tariffs each side is imposing on each others’ exports.
In early trading, Germany’s DAX gained more than 8 per cent and benchmarks in London and Paris gained more than 6 per cent .
Asia shares jump after US stocks soared to historic gains on 90-day tariff pause
In energy trading, benchmark US crude fell 52 cents to $61.83 a barrel. Brent crude, the international standard, declined 70 cents to $64.78 a barrel.
- 15:34 | April 10, 2025
US-China Tariff War Live Updates: Reciprocal tariff pause not to take pressure off Indian negotiators
The 90-day respite from reciprocal tariffs extended by US President Donald Trump to most countries on Wednesday has given more time to India to negotiate a bilateral trade agreement (BTA) with the US but the pressure is certainly not off the Indian negotiating team as their American counterparts are expected to bargain hard.
India-US trade pact: Reciprocal tariff pause not to take pressure off Indian negotiators
US extends tariff respite, India under pressure to negotiate BTA with US amid demands for tariff cuts and non-tariff issues.
- 14:42 | April 10, 2025
US-China Tariff War Live Updates: Trump’s escalating tariffs threaten to reverse US import boom
U.S. container imports rose 11% year over year in March, continuing this year’s outsized monthly gains, but U.S. President Donald Trump’s escalating tariffs are dimming the outlook for later this year, trade executives said.
U.S. seaport imports totaled 2,380,674 20-foot-equivalent units (TEUs) in March, the third-highest level recorded for the month, supply chain technology provider Descartes said on Thursday.
China accounted for nearly one-third of overall import volume in March. That volume rose 9.4% year-on-year, as front-loading by tariff-avoiding importers continued to fuel this year’s near-record monthly import gains.
Still, trade with China - the top U.S. maritime trading partner - is softening. Volume fell 12.6% from February to March, after the Trump administration imposed 10% tariffs on China-made goods in February and an additional 10% tariff in March. ( Reuters)
- 14:30 | April 10, 2025
US-China Tariff War Live Updates: Too early to say how tariff war will impact monetary policy, Riksbank’s Seim says
The tariff war raises concern about world economic growth but it is too early to tell what this means for Sweden and monetary policy, Swedish central bank’s Deputy Governor Anna Seim told Reuters on Thursday.
“It is too early to say how we will act (at the monetary policy meeting in May) and we will have to analyse incoming data and see what we think it could mean for our forecasts and future prospects,” Seim told Reuters after a speech in Stockholm.
- 14:29 | April 10, 2025
US-China Tariff War Live Updates: India eyes quick US trade deal amid tariff pause, official says
India wants to move quickly on a trade deal with the United States, a government official said on Thursday, after President Donald Trump’s stunning decision to pause hefty reciprocal tariffs on dozens of countries, while hiking levies on China.
India and the United States had agreed in February to work on the first phase of a trade deal to be wrapped up by autumn 2025, aiming to reach two-way trade worth $500 billion by 2030.
India eyes quick US trade deal amid tariff pause, official says
Trade Ministry did not immediately respond to an e-mail seeking comment.
- 14:19 | April 10, 2025
US-China Tariff War Live Updates: Taiwan March exports hit monthly record ahead of Trump tariffs
Taiwan’s exports rose more than expected in March to a record level as customers placed orders ahead of expectations of U.S. tariffs, with uncertainty over global trade policy clouding the outlook.
Exports jumped 18.6% from the same month a year ago to $45.97 billion, the finance ministry said on Thursday, topping a forecast of 8.45% in a Reuters poll, though off February’s 31.5% gain, making March the 16th consecutive month of gains. (Reuters)
- 14:10 | April 10, 2025
US-China Tariff War Live Updates: China reaches out to EU, ASEAN members against US’ “reciprocal tariffs
Chinese Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maros Sefcovic held discussions via video on Tuesday and discussed enhancing China-EU economic and trade cooperation and responding to the “reciprocal tariffs” imposed by the US, the Ministry of Commerce (MOFCOM) said on Thursday in a statement, Xinhua reported.
The EU and China are each other’s largest trading partners.During their talks, Wang noted that the US “reciprocal tariffs” seriously violate the legitimate interests of other countries, breach the WTO rules, undermine the rules-based multilateral trading system, and disrupt the stability of the global economic order.
Wang said that the US move is typical “unilateralism, protectionism and economic bullying”. He further said that China is willing to resolve disputes through consultation and negotiation, but it will fight to the end if the United States continues to act wilfully.
China and EU have agreed to start consultation on issues concerning market access at an early date, and immediately start negotiations on electric vehicle pricing commitments as well as issues related to bilateral investment cooperation in the auto sector as per the official Xinhua Agency.
- 14:09 | April 10, 2025
US-China Tariff War Live Updates: China reaches out to EU, ASEAN members against US’ “reciprocal tariffs
With US President Donald Trump going all out in his trade war on China by imposing 125 per cent tariff on import of Chinese goods, Beijing has reached out to the European Union (EU) and ASEAN countries to forge an united front and force the US to backtrack.Beijing has retaliated with “countermeasures” imposing an 84 per cent tariff on US goods, which will take effect on Thursday. The 27-nation European Union bloc also hit back at Trump’s tariffs on Wednesday by approving levies of up to 25 per cent.
China and the European Union vowed to jointly uphold the multilateral trading system with the WTO at its core, China’s commerce ministry said in a statement released today as per Chinese state media.
- 13:59 | April 10, 2025
US-China Tariff War Live Updates: European shares surge after US President Donald Trump announces immediate 90-day pause on reciprocal tariffs
European shares surged on Thursday after U.S. President Donald Trump announced an immediate 90-day pause on reciprocal tariffs for most trading partners, prompting a massive relief rally after days-long market rout. (Reuters)
- 13:44 | April 10, 2025
US-China Tariff War Live Updates: Investors are ramping up option bets for weaker Asian currencies
President Donald Trump’s US tariff whiplash and the Chinese yuan’s trajectory will likely keep Asian currency volatility elevated.
Currency volatility across the region has jumped ever since the larger-than-expected new US tariffs were announced last week, while foreign currency options signal increased bearishness. Concerns over economic growth have also driven more aggressive bets that regional central banks will cut interest rates. Uncertainty could remain high, even as Trump paused higher tariffs on most economies except China on Wednesday.
With Beijing’s warning of a “resolute” response, investors will be looking out for signs that the yuan will undergo a devaluation, a move that would make Chinese exports cheaper but risk capital flight. The yuan reference rate, which guides traders, crossed the key 7.20 per dollar level on Tuesday. ( Bloomberg)
- 13:39 | April 10, 2025
US-China Tariff War Live Updates: China says it does not fear more US tariff threats
China is not interested in a fight but will not fear if the United States continues its tariff threats, the Chinese foreign ministry said in reply to questions about the U.S. tariffs on Thursday.
“The U.S. cause doesn’t win the support of the people and will end in failure,” ministry spokesperson Lin Jian said at a regular press conference.
China will not sit back and let the legitimate rights and interests of the Chinese people be deprived, Lin said.
- 13:37 | April 10, 2025
US-China Tariff War Live Updates: Taiwan aims to triple US share of LNG to avoid tariffs
Taiwan is planning a surge in US purchases over the next decade that would triple the share of American liquefied natural gas in the island’s mix.
State-operated entities could buy goods worth $200 billion from the US over the next 10 years, Minister of Economic Affairs Kuo Jyh-Huei said Thursday, according to a report from Taipei-based Economic Daily News. The purchases would include boosting the share of US LNG in Taiwan’s total imports to 30% from current levels around 10%, he said.
Asian governments from South Korea to Indonesia are rushing to sign up for LNG purchases from the US, hoping to reduce trade surpluses with the world’s largest economy and secure some relief from President Donald Trump’s sweeping “reciprocal” tariffs. Kuo said he hoped Taiwan would be included in the first wave of negotiations, according to EDN.
Taiwan’s trade surplus with the US surged more than 80% to a record $64.9 billion last year. The island got about 10% of its LNG from the US last year, with most shipments arriving from Australia and Qatar under long-term supply contracts.
- 13:34 | April 10, 2025
US-China Tariff War Live Updates: Meta whistleblower says company aided China in AI race
“Meta started briefing the Chinese Communist Party as early as 2015,” said Wynn-Williams, who recently published a memoir titled Careless People about her experience at Facebook.
Meta whistleblower says company aided China in AI race
“Meta started briefing the Chinese Communist Party as early as 2015,” said Wynn-Williams.
- 13:15 | April 10, 2025
US-China Tariff War Live Updates: Iron ore rebounds as widening Sino-US trade war raises China stimulus hopes
Iron ore futures rebounded on Thursday, as an escalating Sino-U.S. trade war lifted hopes of more aggressive stimulus measures from Beijing to counter the impact of the hefty tariffs.
The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 3.06% higher at 707 yuan ($96.30) a metric ton, after falling to its lowest in more than six months on Wednesday.
The benchmark May iron ore on the Singapore Exchange added 1.76% to $96.45 a ton as of 0700 GMT. It hit an intraday high of $99.5 in the session.
“The prospect of a prolonged trade war has also raised expectations for Beijing to unveil more aggressive stimulus measures,” ING analysts said.
- 13:12 | April 10, 2025
US-China Tariff War Live Updates: US tariffs to have entirely unpredictable impacts on economies, says Oaktree Capital Management Co-Founder Howard Marks
“Even if the tariffs are reversed entirely, it’s unlikely the other nations will dismiss this incident and conclude that they have nothing to worry about in terms of relations with the U.S,” the 78-year-old wrote in the memo titled Nobody Knows (Yet Again).
The introduction of the tariffs program will have “entirely unpredictable” impacts on economies, he said.
“Last week’s events remind us of the events of 2008 and the Global Financial Crisis they produced. All norms have been overthrown,” he said. “The way world trade has operated for the last 80 years may be of little relevance to the future.”
- 13:10 | April 10, 2025
US-China Tariff War Live Updates: Oaktree’s Howard Marks says Trump’s tariffs remind him of Brexit Body
Donald Trump’s tariff policies have the potential to be the biggest economic event of our lifetimes, according to Oaktree Capital Management Co-Founder Howard Marks, who warned that reversing them could still have consequences.
“I consider the tariff developments thus far to be what soccer fans call an own goal,” he wrote in a note on Wednesday. “They’re highly analogous to Brexit, and we know how that turned out. Brexit cost the British mightily in terms of GDP, morale, and alliances, and it harmed their reputation for governance and stability. All of this damage was self-inflicted.”
- 13:07 | April 10, 2025
US-China Tariff War Live Updates: China says open to dialogue with US but must be based on mutual respect
China’s commerce ministry said on Thursday that China is open to dialogue with the U.S. but this must be on the basis of mutual respect and equality.
Pressure, threats and blackmail are not the right way to deal with China, ministry spokesperson He Yongqian told a regular press briefing when asked about whether the world’s two largest economies have started tariff negotiations.
China will “follow through to the end” if the U.S. insists on its own way, he said.
- 13:03 | April 10, 2025
US-China Tariff War Live Updates: Saudi outperforms Gulf peers in early trade as Trump pauses tariffs
Saudi Arabia’s stock market led most of its Gulf peers higher early on Thursday, tracking global shares, after U.S. President Donald Trump’s unexpected decision to temporarily suspend most of his recently imposed tariffs.
Saudi Arabia’s benchmark index jumped 4%, buoyed by a 3.8% rise in Al Rajhi Bank and a 3.9% increase in the country’s biggest lender Saudi National Bank.
Saudi Arabia has been hit by the minimum 10% tariff rate, which at present will remain in place.
Dubai’s main share index was up 2%, while the Abu Dhabi index climbed 1.3%.
Elsewhere, the Qatari benchmark advanced 2.5%.
- 13:00 | April 10, 2025
US-China Tariff War Live Updates: Oil shipments from the US to China diminish amid trade tensions
China will likely fill the gap with supply from Middle Eastern producers like Oman or the United Arab Emirates, although it could also ramp up its buying of sensitive crude, including from Iran and Russia.
US crude flows to China trickle to near zero after tariff blitz
US-China trade war leads to near-zero oil flow, impacting global trade relations and shifting oil markets in Asia.
- 12:53 | April 10, 2025
US-China Tariff War Live Updates: Billionaires score best-ever day as markets soar on Trump’s tariff pause - Bloomberg
The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after President Donald Trump pledged to pause tariffs on some trading partners.
Bloomberg report - 12:53 | April 10, 2025
US-China Tariff War Live Updates: Charu Chanana, Chief Investment Strategist, Saxo, Singapore
“While this pause does not extend to China, the overall positive sentiment has had a spillover effect, boosting investor confidence in Asian markets, including Hong Kong.
“Investor optimism around a potential US-China deal has also resurfaced after President Trump suggested tariffs on China may have peaked ... Meanwhile, expectations remain high for continued domestic stimulus from Chinese authorities to support growth.
“However, several uncertainties remain and the trade-weighted effective tariff rate is still jumping higher. There is also likely to be plenty of volatility in the coming weeks as negotiation headlines take centre stage.”
- 12:43 | April 10, 2025
US-China Tariff War Live Updates: Jason Chan, Senior Investment Strategist, Bank of East Asia, Hong Kong
“Even though it’s obvious that the tariffs are targeting China, there is still some room for manoeuvring and negotiations if they can pause tariffs on other countries. Markets still have some hope that at least some discussions could take place. China is also likely to roll out stimulus measures to support the economy and counter the impact of the tariffs in the near future.
“Will the tariffs be rolled back to the level before? The chances of that happening are quite slim. Therefore, even if the market sees some short-term gains, I don’t think it will quickly return to previous levels or experience a significant rebound.”
- 12:36 | April 10, 2025
US-China Tariff War Live Updates: Ivan Mathews, head of APAC analysis for Vortexa, on US-China oil trade
“With China imposing 84% tariffs on goods from the US, the cost of US crude would be almost double — $51 a barrel more expensive, based on $61 WTI,” said Ivan Mathews, head of APAC analysis for Vortexa. “This makes running US crude uneconomical for Chinese refiners.”
US crude imports to China will “likely dwindle to zero in the coming months if the current tariff levels stay,” he added.
- 12:35 | April 10, 2025
US-China Tariff War Live Updates: US crude flows to China trickle to near zero after tariff blitz
The flow of oil from the world’s biggest producer to its largest importer is set to thin to virtually zero as a trade war between the two powerhouse economies escalates.
After climbing in recent years, oil shipments from the US to China have been on the decline for much of 2025, thanks to US President Donald Trump’s successive rounds of tariffs at a time when the domestic refining sector is already under pressure. Beijing’s retaliation, raising tariffs on US imports to 84%, plus the latest US hike in duties on China to 125%, have only darkened the picture further.
US flows are by no means vital to China — crude flows from the US to China in the early months of this year added up to roughly 1% of the Asian nation’s total imports, according to data from analytics firm Vortexa Ltd. — but the collapse of oil purchases is indicative of a wider breakdown of trade relations between the world’s two largest economies.
- 12:32 | April 10, 2025
US-China Tariff War Live Updates: Sri Lankan shares eye best day in about two years after Trump’s tariff pause
Sri Lankan shares jumped over 5% on Thursday, set for their best day since July 2023, mirroring gains in the wider Asia market after U.S. President Donald Trump announced a 90-day pause on the hefty tariffs imposed on most nations.
The CSE All Share index was last trading 5.3% higher at 15,659.56, with gains led by financial stocks. Asian peers were up 4.8%. The pause in U.S. reciprocal tariffs, however, did not apply to China.
The Trump administration had imposed a 44% tariff on the island nation that has been steadily recovering from its worst financial crisis in decades.
The temporary reprieve eases concerns in Sri Lanka, which had estimated that the tariffs would affect some $3 billion of exports.
The day’s gains helped trim losses since Trump announced the tariffs on April 2 to about 2.7%. The CSE All Share index is down 2.3% so far this year.
- 12:28 | April 10, 2025
US-China Tariff War Live Updates: We are Chinese, not afraid of provocations: Chinese Foreign Ministry shares old video of Mao Zedong
Amid the ongoing tariff war between China and the US, Chinese Foreign Ministry spokesperson Mao Ning said China “is not afraid of provocations, and it won’t back down.”Mao Ning shared a video of former Chinese leader Mao Zedong from 1953 during its war with the US. While sharing the video on X, Mao Ning stated, “We are Chinese. We are not afraid of provocations. We don’t back down.”In the video posted on X, Zedong said, “As to how long this war will last, we are not the ones who can decide,” he says. “It used to depend on President Truman, and it will depend on President Eisenhower, or whoever becomes the next US president. It’s up to them.”“No matter how long this war is going to last, we will never yield. We’ll fight until we completely triumph,” he added.
- 12:25 | April 10, 2025
US-China Tariff War Live Updates: Liam Zhou, Founder, Minority Asset Management, Shanghai
“Trump’s wanton policies will inevitably face internal and external pressure, so they’re not sustainable. Higher tariffs won’t address issues such as the trade deficit, the manufacturing sector’s hollowing out, and government debt problems. Instead, it will trigger U.S. economic recession, and dent U.S. sovereign creditability.
“China stocks have limited room to fall, as valuations are relatively low, and China has in recent years reduced economic reliance on the U.S., contained property risks, upgraded manufacturing and made technological breakthroughs.”
- 12:13 | April 10, 2025
US-China Tariff War Live Updates: Finance Minister Katsunobu Kato says he will do his utmost to offset the impact of the tariffs by introducing economic measures
Tokyo is expected to be among nations taking priority in trade negotiations with Washington. US Treasury Secretary Scott Bessent said he would be speaking to officials from Japan, Vietnam, India and South Korea in the coming days.
Japan still faces a 25% tariff on cars, auto parts, steel and aluminum, while other goods remain subject to the 10% flat tax rate applied to all nations. Japanese officials are concerned that the tariffs, especially on autos, pose a grave threat to the nation’s economy.
Finance Minister Katsunobu Kato said on Thursday he will do his utmost to offset the impact of the tariffs by introducing economic measures. He added that he would continue to pay close attention to the effect US trade policy is having on financial markets.
Japan sees the pause on some of the tariffs as a positive development, but will continue to call for a review of the levies that remain in place, said Akazawa, who also serves as minister for economic revitalization.
- 12:11 | April 10, 2025
US-China Tariff War Live Updates: Japan to Keep Pressing for Tariff Relief During 90-Day Pause
Japan will continue to urge the US to rethink its tariff plans in hopes of winning a longer-term reprieve from higher rates that President Donald Trump put on hold, the nation’s top trade representative said.
“There is no change in Japan’s policy,” said Ryosei Akazawa, who was this week appointed the country’s top negotiator on the US levies. “We will pursue Japan’s national interests to the maximum extent without panicking or making a fuss.” (Bloomberg)
- 12:08 | April 10, 2025
US-China Tariffs War: US Tariffs Are Still at Historic High Even After Trump’s Pause
While financial markets are welcoming President Donald Trump’s pause on higher tariffs for dozens of trade partners, American imports taxes are still at an historic high and a US recession is still a risk, economists say.
Trump on Wednesday reduced tariffs on countries that were earlier hit with higher levies to a 10% baseline rate, with the exception of China which faces a 125% import duty. Yet the average US tariff rate is still rising to 24%, up almost 22 percentage points since Trump started his second term, according to Bloomberg Economics (Bloomberg)
- 12:03 | April 10, 2025
US-China Tariffs War: European Commission President welcomes Trump’s announcement to pause reciprocal tariffs
- 12:02 | April 10, 2025
US-China Tariffs War: EU’s Von der Leyen welcomes Trump’s announcement to pause reciprocal tariffs
European Commission President Ursula von der Leyen on Thursday welcomed US President Donald Trump’s announcement of a pause in reciprocal tariffs.
“Clear, predictable conditions are essential for trade and supply chains to function,” she said in a statement on X.
She added that tariffs are taxes that only hurt businesses and consumers. “That’s why I’ve consistently advocated for a zero-for-zero tariff agreement between the European Union and the United States,” she said. (Reuters)
- 11:55 | April 10, 2025
US-China Tariff War Live Updates: Sat Duhra, Portfolio Manager at Janus Henderson Investors
“The volatility is not over, the environment remains uncertain and some of the impacts are irreversible.
“The discussions with China now appear to be more protracted than initial expectations - we have not reduced China given that we are seeing a more fundamental improvement and there are many levers that China can use in mitigation.
“We are generally neutral weight. We only like two areas in China - cheap high growth China internet names and high yield state-owned enterprise (SOE) attractively valued names.”
- 11:53 | April 10, 2025
US-China Tariff War Live Updates: Hong Hao, CEO at Huafu International, Hong Kong, on intensifying Sino-US trade tensions
“Right now, it’s mainly a technical rebound. Obviously, Trump backed down yesterday. At the same time, he also expressed openness to negotiate with China. On China’s side, it’s very clear that we have a lot of confidence this time. Whether it’s the announcement of retaliation or the deployment of policies, it’s actually all been well-prepared in advance.
“After seven years of experience since 2018, the proportion of U.S. in China’s total exports has significantly decreased. So, we’re no longer as passive as we were back then. I think this rebound will continue for a while.”
- 11:48 | April 10, 2025
US-China Tariff War Live Updates: Spanish PM Sanchez Says US Tariff Pause Opens Door to Bargaining
Spanish Prime Minister Pedro Sanchez said the US decision to pause a round of global tariffs can serve as a way to open “a door to negotiation” and therefore could lead to an agreement.
Sanchez, speaking at a business forum Thursday during a visit to Vietnam, said his country considers the decision to impose the tariffs as “unjustified, unjust and harmful for everybody.” He also reiterated comments he made in the Southeast Asian nation the previous day that no one wins in a trade war.
US President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners, while raising duties on China to 125%.
Sanchez next heads to China, making him the first European head of government to meet President Xi Jinping since Trump presented the new tariffs last week. ( Bloomberg)
- 11:44 | April 10, 2025
US-China Tariff War Live Updates: Japan to act on Chinese steel imports if unfair practices found under WTO rules
Japan’s trade and industry ministry will consider taking action on imports of Chinese steel if any unfair practices are identified under World Trade Organization rules, a ministry official said on Thursday.
The official also said that Japan will continue to urge the U.S. government to exempt it from steel and aluminium tariffs.
- 11:42 | April 10, 2025
US-China Tariff War Live Updates: US tariffs suspension is good news, Polish finance minister says
The suspension of US tariffs is “good news”, it shows the US administration’s will to deescalate this trade conflict, Polish Finance Minister Andrzej Domanski said on Thursday.
- 11:38 | April 10, 2025
US-China Tariff War Live Updates: The US and China are currently in a powerplay game of brinkmanship, says ING global head of markets Chris Turner
- 11:24 | April 10, 2025
US-China Tariff War Live Updates: China’s Yuan weakens to lowest level since 2007
- 11:22 | April 10, 2025
US-China Tariff War Live Updates: China is home to around half of Amazon’s sellers and also manufacturers for Shein, Temu
China is home to around half of Amazon’s sellers, with over 100,000 Amazon businesses registered in the southern city of Shenzhen alone, generating annual revenues of $35.3 billion, according to e-commerce services provider SmartScout.
China also hosts the manufacturing bases of other major e-commerce platforms like Shein and Temu. Imports and exports involving cross-border e-commerce were worth 2.63 trillion yuan ($358 billion) last year, according to China’s State Council.
No other country comes even close to U.S. consumption power, significantly limiting the production the rest of the world can absorb and raising the risk of intensifying price wars among Chinese exporters squeezing profitability.
- 11:19 | April 10, 2025
US-China Tariff War Live Updates: Goldman Sachs lowers China GDP growth forecasts due to Trump tariff
Goldman Sachs lowers China GDP growth forecasts due to Trump tariff
Trump had raised the tax rate on Chinese imports to 125 per cent.
- 11:07 | April 10, 2025
US-China Tariff War Live Updates: This isn’t just a tax issue...: Wang Xin, head of Shenzhen Cross-Border E-Commerce Association
“This isn’t just a tax issue, it’s that the entire cost structure gets entirely overwhelmed,” said Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents more than 3,000 Amazon sellers.
“It’ll be very hard for anyone to survive in the U.S. market,” she told Reuters, noting the tariffs could also lead to customs delays and higher logistics costs.
“So for all of us in the cross-border e-commerce business today, this is truly an unprecedented blow.” ( Reuters)
- 11:05 | April 10, 2025
US-China Tariff War Live Updates: Chinese sellers say they are looking to raise prices for US on Amazon and find new markets
Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to President Donald Trump’s unprecedented tariff hikes, sellers and the head of China’s largest e-commerce association said.
- 11:02 | April 10, 2025
US-China Tariff War Live Updates: Chinese sellers on Amazon to hike prices or exit US as tariffs soar (Reuters)
- 11:00 | April 10, 2025
US-China Tariff War Live Updates: India eyes quick trade deal with US amid tariff pause, official says
India wants to move quickly on a trade deal with the United States, a government official said, after President Donald Trump’s stunning decision to pause hefty reciprocal tariffs he had just imposed on dozens of countries, except for China.
“The 90-day pause on reciprocal tariffs is a relief for Indian exporters, especially shrimp exporters,” said the official, who spoke on condition of anonymity. ( Reuters)
- 10:47 | April 10, 2025
US-China Tariff War Live Updates: Oil returns to losses as trade war persist
Brent fell below $65 a barrel, after its best one-day gain since October, while west Texas Intermediate was near $62. With markets in turmoil, Trump announced a 90-day halt on higher tariffs against dozens of nations, but he also raised duties on China to 125 per cent. Beijing’s top leaders are poised to meet Thursday to discuss additional stimulus. Read the Bloomberg report
Oil prices: Oil returns to losses as market concerns over trade war persist
Oil had hit a four-year low earlier this week as the aggressive US tariff push sparked warnings of a global recession.
- 10:45 | April 10, 2025
US-China Tariff War Live Updates: Investor Bill Ackman says China is isolated after Trump tariff reversal move
Billionaire investor Bill Ackman said on Thursday said China was now isolated and other U.S. trading partners were lining up to make deals following President Donald Trump’s stunning reversal of his tariff decision.
Trump said on Wednesday said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China.
“Time is not China’s friend as every U.S. corporation with a supply chain based in China is seeking to move it to countries that are likely to make favorable tariff deals with the United States,” Ackman said in a post on X.
- 10:30 | April 10, 2025
US-China Tariff War Live Updates: Asian markets surge after Trump announces 90-day pause on tariffs, Indian markets closed for Mahavir Jayanti
Asian stock markets surged on Thursday after US President Donald Trump announced a 90-day pause on tariffs for 75 countries, including India. This decision brought some relief to global investors amid rising trade tensions.
Asian markets surge after Trump announces 90-day pause on tariffs, Indian markets closed for Mahavir Jayanti
Asian stock markets surge after Trump announces 90-day tariff pause for 75 countries, including India, amid rising trade tensions.
- 10:29 | April 10, 2025
US-China Tariff War Live Updates: China vows to boost domestic consumption as tariffs threaten exports
China has vowed to boost domestic consumption as tariffs threaten exports, which contributed to nearly a third of the country’s economic expansion in 2024. The country is on track for the longest streak of economy-wide price declines since the 1960s as a result of weak spending, while the property crash has yet to bottom out. ( Bloomberg)
- 10:26 | April 10, 2025
US-China Tariff War Live Updates: India should avoid FTA with US, should go for limited “zero-to-zero” tariff deal: GTRI
As Donald Trump announced pause on tariffs for 90 days for trade negotiations, India should avoid signing a comprehensive Free Trade Agreement (FTA) with the United States, as it may require India to make harmful trade-offs, suggested Global Trade Research Initiative (GTRI).
Instead, GTRI said, India should consider a limited “Zero-to-Zero” tariff deal on 90 per cent of industrial goods, a model already offered by Europe to the U.S.
India should avoid FTA with US, should go for limited “zero-to-zero” tariff deal: GTRI
GTRI report warned that a full FTA with the US could turn out to be a costly mistake.
- 10:24 | April 10, 2025
US-China Tariff War Live Updates: Trump’s blitz could put as much as 3% of China’s economic growth at risk, Bloomberg Economics estimates
- 10:12 | April 10, 2025
US-China Tariff War Live Updates: Deflationary risks for China have intensified along with trade tensions with the US
While an earlier-than-usual Chinese New Year holiday helped lift prices at the start of 2025, deflationary risks have since intensified as tensions between the US and China spiraled into a tit-for-tat cycle of tariff increases. Prices could come under pressure to weaken further should exporters redirect some goods to the domestic market or if other countries facing higher US tariffs divert their products to China. ( Bloomberg)
- 10:08 | April 10, 2025
US-China Tariff War Live Updates: Urgency to reflate Chinese economy is increasing while the trade conflict with the US ratchets up
“CPI inflation failed to rebound above the zero threshold in March as price pressures persist across the board,” ING’s Song said. “Combined with a sharp escalation of tariffs, this sets up a suitable window for the People’s Bank of China to resume monetary policy easing,” says Lynn Song, Greater China chief economist at ING Bank NV
- 10:03 | April 10, 2025
US-China Tariff War Live Updates: Another month of deflation “strengthens the case for rate cuts,” says Lynn Song, Greater China chief economist at ING Bank NV
ING Bank NV downgraded its 2025 CPI forecast to zero from 0.7%
- 10:01 | April 10, 2025
US-China Tariff War Live Updates: China’s core CPI rebounded to 0.5% in March from minus 0.1% in the previous month
China’s core CPI, which excludes volatile items such as food and energy, rebounded to 0.5% in March from minus 0.1% in the previous month. Factory deflation persisted for a 30th month, with the producer-price index recording a faster drop of 2.5% compared to 2.2% in February.
- 09:46 | April 10, 2025
US-China Tariff War Live Updates: Consumer-price index declined 0.1% from a year earlier, the National Bureau of Statistics said Thursday, compared with a 0.7% drop in the previous month.
- 09:43 | April 10, 2025
US-China Tariff War Live Updates: China’s consumer deflation extended for a second month in March, as an escalating trade war with the US threatens to put more downward pressure on prices.
- 09:42 | April 10, 2025
US-China Tariff War Live Updates: China’s consumer deflation persists as trade war poses new risks
- 09:37 | April 10, 2025
US-China Tariff War Live Updates: Philippines keen to explore US trade negotiations, minister says
The Philippines has reached out to the U.S. Trade Representative to explore potential trade negotiations, with the best outcome being a free-trade agreement, the Economic Affairs minister said on Thursday after Washington said it would pause planned tariffs.
“Let’s see what we can negotiate,” Frederick Go told a media briefing. ( Reuters)
- 09:35 | April 10, 2025
US-China Tariff War Live Updates: Yuan drops to 19-month low as PBOC struggles to steady currency
Yuan drops to 19-month low as PBOC struggles to steady currency
China lowers yuan midpoint for sixth day to 19-month low against dollar, signaling PBOC's focus on stability amid trade war.
- 09:34 | April 10, 2025
US-China Tariff War Live Updates: Taiwan President Lai Ching-te proposes zero tariffs on US goods to placate Trump
Taiwan President Lai Ching-te said his government could eliminate duties on US products if Washington did the same, the latest overture from the self-run democracy as it seeks to placate its main military backer.
“While Taiwan already maintains low tariffs, with an average nominal rate of 6%, we are willing to further cut this rate to zero on the basis of reciprocity with the US,” Lai wrote in a piece for Bloomberg Opinion on Thursday. ( Bloomberg)
- 09:31 | April 10, 2025
US-China Tariff War Live Updates: Taiwan central bank governor Yang Chin-long says US-China trade war not good for global economy
Taiwan central bank governor Yang Chin-long said that there remained a great amount of uncertainty for the stock market about Trump’s tariffs.
A trade war, and reciprocal tariffs, between the United States and China is not good for the global economy, Yang said.
But Taiwan continues to hold more than 80% of its foreign exchange reserves in U.S. Treasury bonds, he added.
“At present more than 80% is ideal, and we will assess whether to increase it,” Yang said.
- 09:27 | April 10, 2025
US-China Tariff War Live Updates: Taiwan stock market rises in response to US tariff reprieve
On Thursday, Taiwan’s benchmark stock index followed global markets higher in response to the tariff reprieve, opening up more than 9%, having plummeted the previous three trading sessions.
Taipei-listed shares in TSMC, the world’s largest contract chipmaker, as well as those for iPhone maker Foxconn , rebounded close to 10%. Both are major suppliers to U.S. companies, including Apple and Nvidia.
- 09:25 | April 10, 2025
US-China Tariff War Live Updates: Taiwan President Lai Ching-te on Sunday pledged to seek a zero tariff regime with the US, and said that Taipei would not retaliate in response to the tariffs
- 09:23 | April 10, 2025
US-China Tariff War Live Updates: The United States has received Taiwan’s trade proposals “and has also responded”, says Taiwan Foreign Minister Lin Chia-lung
- 09:22 | April 10, 2025
US-China Tariff War Live Updates: Taiwan Foreign Minister Lin Chia-lung on the 90 day pause on US tariffs
“Now that we have an additional 90 days, we can discuss Taiwan-U.S. economic and trade cooperation in a more detailed and in-depth manner. We hope to take advantage of the huge U.S. market, their excellent technology capital and talent, to form a Taiwan-U.S. coalition, a joint fleet approach.”
- 09:20 | April 10, 2025
US-China Tariff War Live Updates: Taiwan had been due to be hit with a 32% tariff, sending its stock market plummeting, though the key semiconductor industry was excluded.
- 09:18 | April 10, 2025
US-China Tariff War Live Updates: Taiwan hopes to take advantage of the “huge” U.S. market
U.S. President Donald Trump’s 90-day pause on most tariffs gives breathing space for more in-depth talks, and Taiwan hopes to take advantage of the “huge” U.S. market for more balanced trade, the island’s foreign minister said on Thursday. ( Reuters)
- 09:16 | April 10, 2025
US-China Tariff War Live Updates: Taiwan says Trump tariff pause gives breathing room for more detailed talks
- 09:15 | April 10, 2025
US-China Tariff War Live Updates: Automotive industry braces for uncertainty as Trump maintains auto tariffs
Automotive industry braces for uncertainty as Trump maintains auto tariffs
Trump pauses some tariffs, but not on auto imports, drawing criticism from Michigan business and auto groups.
- 08:55 | April 10, 2025
US-China Tariff War Live Updates: Trump’s ‘buy now’ post triggers market rally, sparks ethics concerns
Trump’s ‘buy now’ post triggers market rally, sparks ethics concerns
Trump's financial advice on social media led to a surge in stocks, raising questions about market manipulation.
- 08:50 | April 10, 2025
US-China Tariff War Live Updates: What’s dead cat bounce? Six terms to know for trade war
What's dead cat bounce? Six terms to know for trade war
Understanding financial terms like capitulation, bear market, and dead cat bounce is crucial during economic uncertainty and market fluctuations.
- 08:45 | April 10, 2025
US-China Tariff War Live Updates: US stocks post historic gains as Trump announces 90-day tariff pause
US stocks post historic gains as Trump announces 90-day tariff pause
US stocks surge after Trump announces temporary tariff pause, easing fears of recession and boosting market confidence.
- 23:51 | April 9, 2025
US-China Tariff War Live Updates: Trump’s tariff pause lifts dollar against safe-haven currencies
Trump’s tariff pause lifts dollar against safe-haven currencies
U.S. dollar rebounds against safe-haven currencies after Trump announces tariff pause, escalating trade confrontation with China.
- 23:51 | April 9, 2025
US-China Tariff War Live Updates: Wall Street soars as Trump halts tariffs for 90 days
Wall Street soars as Trump halts tariffs for 90 days
Wall Street indexes surge after Trump announces tariff pause, with Dow up 5.76%, S&P 6.46%, Nasdaq 8.04%.
- 23:49 | April 9, 2025
US-China Tariff War Live Updates: Trump halts most tariffs for 90 days, slaps 125% duty on Chinese imports
Trump halts most tariffs for 90 days, slaps 125% duty on Chinese imports
President Trump eases tariffs on most nations for 90 days, raises tax rate on Chinese imports to 125%.
- 21:05 | April 9, 2025
Watch | How RBI’s rate cut can offer relief to Indian exporters after US tariff blow
RBI Governor Sanjay Malhotra made this remark on Wednesday during a media briefing after the Reserve Bank of India reduced the repo rate by 25 basis points, bringing it down to 6 percent. This marked his second consecutive rate cut since taking charge. The decision followed a three-day Monetary Policy Committee meeting that began on Tuesday. Experts view the move as a step to support the Indian economy amid global uncertainty, especially after the US imposed a 26 percent tariff on Indian imports. The RBI has also shifted its monetary policy stance from ‘neutral’ to ‘accommodative’, leaving room for further rate cuts. - 20:42 | April 9, 2025
US-China Tariff War Live: China slaps restrictions on 18 US firms over Trump tariffs
China’s commerce ministry slapped restrictions on more than a dozen U.S. defence firms on Wednesday after President Donald Trump made good on his threat to impose an additional 50% tariff on Chinese imports.
Beijing added 12 U.S. companies to a control list that prohibits exports of dual-use items and another six to its “unreliable entities” list, which allows Beijing to take punitive actions against foreign entities, according to commerce ministry statements.
- 20:31 | April 9, 2025
US-China Tariff War: Tariff anxiety boosted first-quarter personal computer shipments, Canalys says
Global shipments of personal computers rose 9.4% in the first quarter of this year as PC makers boosted consignments to the United States in anticipation of President Donald Trump’s sweeping tariffs, research firm Canalys said on Wednesday.
As higher tariffs on more countries across the globe take effect, both direct and indirect impacts could dampen a recovery in the PC market for the remainder of the year, Canalys said.
PC providers such as Dell and Apple, and chipmakers like Intel, AMD and Qualcomm were relying on demand resurgence for PCs at the back of a Windows refresh cycle and the addition of AI features to drive sales.
- 20:28 | April 9, 2025
US-China Tariff War Live: Amazon Cancels Some Inventory Orders From China After Tariffs
Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and people familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by President Donald Trump.
The orders for beach chairs, scooters, air conditioners and other merchandise from multiple Amazon vendors were halted after Trump’s April 2 announcement that he planned to levy tariffs on more than 180 countries and territories, including China, Vietnam and Thailand, the people said. The timing of the cancellations, which had no warning, led the vendors to suspect it was a response to tariffs.
- 20:25 | April 9, 2025
US-China Tariff War Live: US Weighs Farmer Bailout as China Retaliation Threatens Exports
Agriculture Secretary Brooke Rollins said the administration is considering plans to offer assistance to farmers amid worries that the US-China trade war will have a disastrous effect on American agricultural producers.
China announced plans to increase tariffs on all American goods to 84% after President Donald Trump raised duties on Chinese imports to 104%. During a smaller trade fight with Beijing during Trump’s first term, his administration used the Commodity Credit Corporation to offer $28 billion to bail out US farmers. The government-owned and operated entity was created to boost farm income and prices.
“We are looking at that again,” Rollins told Bloomberg News Wednesday at the White House. “Obviously everything is on the table, but we’re in such a period of uncertainty in terms of what this looks like.”
The Agriculture secretary said, however, that no decisions have been made on whether to extend financial assistance to farmers.
- 20:22 | April 9, 2025
US-China Tariff War Live Updates: ‘Fragile’ Car Parts Suppliers at Risk as Tariffs Grip Auto Trade Body
Thousands of temporary layoffs at automakers and parts suppliers in Canada are “just the start of it,” warned the country’s largest private-sector union, as the imposition of US tariffs enters its second week.
“The industry will not be able to live under these kinds of tariffs. The longer this goes on, the bigger the fallout we’re going to see,” Unifor President Lana Payne said in a Tuesday interview. “My concern is that we see temporary layoffs turn into much longer layoffs.”
About 6,000 Unifor members were given short-term layoff notices in the aftermath of Trump’s April 2 announcement, which placed new tariffs on most countries. The majority of the notices came from a Stellantis NV plant in Windsor, Ontario, which makes Chrysler and Dodge vehicles, as part of a two-week shutdown while the company assesses the impact of tariffs.
More auto sector businesses have since culled their workforce, including a manufacturer of recreational vehicles that laid off 79 workers last week.
- 20:06 | April 9, 2025
US-China Tariff War Live Updates: Trump’s Truth Social Post
- 20:03 | April 9, 2025
US-China Tariff War Live Updates: Trump’s Truth Social Post
- 19:58 | April 9, 2025
US-China Tariff War Live Updates: Wall Street mixed at open as China raises tariffs on US goods
Wall Street’s main indexes were mixed at the open on Wednesday after China announced more levies on US goods, retaliating to President Donald Trump’s reciprocal tariffs that took effect earlier in the day.
The Dow Jones Industrial Average fell 257.7 points, or 0.68%, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35%, at the open to 4,965.28, while the Nasdaq Composite rose 27.5 points, or 0.18%, to 15,295.441 at the opening bell. - Reuters
- 19:57 | April 9, 2025
US-China Tariff War Live Updates: China issues risk alert for tourists travelling to US
China on Wednesday issued a risk alert for Chinese tourists travelling to the U.S., according to a statement from the culture and tourism ministry.
The ministry said it reminded Chinese tourists to assess the risks of travelling to the U.S. and travel with caution, citing recent “deterioration of China-U.S. economic and trade relations and the domestic security situation in the U.S.”. - Reuters
- 19:56 | April 9, 2025
US-China Tariff War Live Updates: Trump can likely reach tariff deals with US allies, Bessent says
US Treasury Secretary Scott Bessent on Wednesday said he thinks the Trump administration can reach tariff deals with US allies as he prepares to lead negotiations with more than 70 countries in coming weeks, warning that moves to align more closely with China could backfire.
Bessent, speaking to an American Bankers Association conference in Washington, said he would take a lead negotiating role in negotiations over President Donald Trump’s tariffs.
He added that despite financial market turmoil, “in general, the companies I’ve spoken to, people who have come, the CEOs, who have come into Treasury, tell me that the economy is very solid.” - Reuters
- 19:55 | April 9, 2025
US-China Tariff War Live Updates: The trade restrictions, imposed by China, are mainly targeted at US firms that supply the Pentagon and federal government agencies.
- 19:54 | April 9, 2025
US-China Tariff War Live Updates: China slaps restrictions on 18 US firms over Trump tariffs
China’s commerce ministry slapped restrictions on more than a dozen US defence firms on Wednesday after President Donald Trump made good on his threat to impose an additional 50 per cent tariff on Chinese imports.
Beijing added 12 US companies to a control list that prohibits exports of dual-use items and another six to its “unreliable entities” list, which allows Beijing to take punitive actions against foreign entities, according to commerce ministry statements.
- 19:49 | April 9, 2025
US-China Tariff War Live Updates: Trump Urges Calm After Tariffs Imposed, Says ‘Great Time to Buy’
President Donald Trump urged Americans to remain calm and continue investing on Wednesday as his sweeping reciprocal tariffs hit, in an indication the White House was closely monitoring market reaction to the levies.
“THIS IS A GREAT TIME TO BUY,” Trump said Wednesday in a post to his social media site. The president also encouraged his followers to “BE COOL” and added his prediction that “everything is going to work out well.”
“The USA will be bigger and better than ever before,” he said.
- 19:29 | April 9, 2025
US-China Tariffs War Live Updates: U.S.-listed shares of Chinese firms shed a bulk of their premarket gains after China announced retaliatory tariffs.
- 19:29 | April 9, 2025
U.S.-listed shares of Chinese firms shed a bulk of their premarket gains after China announced retaliatory tariffs.
- 18:51 | April 9, 2025
US-China Tariffs War Live Updates: Wall St to open sharply lower as China raises more barriers on US goods
Wall Street’s main indexes were set to open sharply lower on Wednesday after China announced more levies on US goods, retaliating to President Donald Trump’s reciprocal tariffs that took effect earlier in the day. - Reuters
- 18:48 | April 9, 2025
US-China Tariffs War Live Updates: Amid tariff turmoil, Trump claims world leaders dying to make trade deals with US
President Donald Trump claimed world leaders were “dying to make a deal” with the US and would do anything to secure a pact on tariffs.
“I am telling you, these countries are calling us up, kissing my ass,” Trump said during a speech at the National Republican Congressional Committee dinner on Tuesday.
The president, who imposed a wide range of tariffs on various countries and triggered a global trade war, said: “They are dying to make a deal. ‘Please, please sir, make a deal. I’ll do anything sir’.” Many new tariffs, announced by Trump on April 2, took effect on Wednesday morning. - PTI
- 18:29 | April 9, 2025
US-China Tariffs War Live Updates: Analysts said Beijing is feeling cornered by Trump’s intensifying tariff assault on China and any country that buys or assembles Chinese goods.
- 18:27 | April 9, 2025
US-China Tariffs War Live Updates: China should also stimulate business vitality and further resolve financing difficulties for companies, Li said.
- 18:27 | April 9, 2025
US-China Tariffs War Live Updates: China’s premier Li said, “we must be soberly aware that external shocks have put some pressures on the smooth operation of the economy.”
- 18:25 | April 9, 2025
US-China Tariffs War Live Updates: 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. - Reuters
- 18:23 | April 9, 2025
US-China Tariffs War Live Updates: China must act swiftly on macro policies, says Premier Li
China needs to implement more proactive macroeconomic policies and roll them out in a timely manner as “external shocks” have put pressures to China’s economic stabilisation, Premier Li Qiang said on Wednesday, according to state media. - Reuters
- 18:21 | April 9, 2025
US-China Tariffs War Live Updates: The Trump administration has accused China of erecting non-tariff barriers that disadvantage American exports and companies.
- 18:19 | April 9, 2025
US-China Tariffs War Live Updates: Fentanyl has become a flashpoint in US-China relations, with Trump accusing Beijing of having done too little to stop its precursors from entering the US.
- 18:19 | April 9, 2025
US-China Tariffs War Live Updates: Trump has yet to speak with his Chinese counterpart, President Xi Jinping, more than two months after his inauguration.
- 18:19 | April 9, 2025
US-China Tariffs War Live Updates: Tensions have spiraled between Washington and Beijing since Trump returned to the White House in January.
- 18:18 | April 9, 2025
US-China Tariffs War Live Updates: China has branded Trump’s decision to escalate tariffs this week a “mistake on top of a mistake”.
- 18:18 | April 9, 2025
US-China Tariffs War Live Updates: US equity futures fell about 1.7 per cent after China announced new tariffs on US goods.
- 18:17 | April 9, 2025
US-China Tariffs War Live Updates: China said it would sue the US at the World Trade Organization.
- 18:16 | April 9, 2025
US-China Tariffs War Live Updates: China’s move came hours after Trump’s sweeping measures went into force, taking the cumulative rate announced this year to 104 per cent.
- 18:16 | April 9, 2025
US-China Tariffs War Live Updates: The latest Chinese countermeasures are effective April 10, according to a government statement Wednesday.
- 18:14 | April 9, 2025
US-China Tariffs War Live Updates: China raises tariffs on US goods to 84% in fresh retaliation
China raises tariffs on US goods to 84% in fresh retaliation
China and US escalate trade war with increasing tariffs on each other's goods, reaching up to 104%.
Published on April 9, 2025
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