Brief by Shorts91 Newsdesk / 06:46pm on 07 Apr 2025,Monday International
US President Donald Trump has warned of an additional 50% tariff on Chinese imports from Tuesday if Beijing does not withdraw its newly announced 34% retaliatory tariffs. China's move followed Washington's decision to impose 34% levies on all Chinese goods starting April 9. If enforced, some US companies could face up to 104% tax on Chinese imports. The announcement has rattled markets—US indices plunged at opening, and major European markets, including London's FTSE 100, closed over 4% down. Meanwhile, the EU has offered a "zero-for-zero" tariff deal on selected goods to ease growing transatlantic trade tensions. (PC: BBC)
