Brief by Shorts91 Newsdesk / 12:30pm on 11 Apr 2025,Friday International
China has raised tariffs on US goods to 125%, retaliating against President Donald Trump's steep tariff hike on Chinese imports to 145%. Despite the escalation, Beijing announced it will not retaliate further if the US continues imposing duties. The Chinese finance ministry accused Washington of "unilateral bullying" and violating global trade norms. President Xi Jinping called on the European Union to resist Trump's moves, calling them a threat to global trade stability. China also added 18 US firms to control lists and filed a WTO complaint, underscoring growing trade tensions between the world’s top two economies. (PC: India Today)
