Brief by Shorts91 Newsdesk / 05:50pm on 08 Apr 2025,Tuesday International
The US has imposed 104% tariffs on Chinese imports, starting April 9. The White House confirmed the move after President Donald Trump warned China to remove its 34% tariffs on US goods. The new tariffs follow a 20% levy in March and a 34% hike last week. China responded with a 34% tariff and plans more countermeasures. It also announced export controls on rare-earth metals. Global markets reacted sharply. The S&P 500 fell 20%, the Dow Jones dropped 17%, and China’s yuan hit a record low. Tensions between the world's two largest economies continue to rise. (PC: India Today)
