Brief by Shorts91 Newsdesk / 12:01pm on 09 Apr 2025,Wednesday International
China announced an 84% retaliatory tariff on all US goods starting April 10, sharply escalating trade tensions with the United States. The move follows Donald Trump's sweeping 104% tariff on Chinese imports announced Tuesday. Beijing also blacklisted 12 US firms and added six to its "unreliable entity" list. The Chinese commerce ministry warned of further countermeasures if the US continues its economic aggression, stating it has "abundant means" to respond. Premier Li Qiang affirmed China’s economic resilience, expressing confidence in offsetting external shocks. US stock futures dropped after the news, deepening concerns over the global economic fallout from the trade war. (PC: AFP)
