Brief by Shorts91 Newsdesk / 05:39pm on 11 Apr 2025,Friday International
Global financial markets remain volatile as U.S. President Donald Trump claims the country is “doing really well” on tariffs. His remarks follow China’s retaliatory hike of import taxes on U.S. goods to 125%, after the U.S. imposed a 145% levy on selected Chinese imports. Chinese President Xi Jinping urged the EU to stand with China against U.S. "bullying," warning that "there are no winners in a tariff war." The U.S. dollar slumped to a three-year low, with Deutsche Bank cautioning, “the damage has been done.” U.S. markets opened slightly down, reflecting investor concerns over the escalating trade conflict.
