China raises retaliatory tariffs on U.S
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China on Friday said it was raising its tariffs on American goods to 125 percent, retaliating for the third time in the escalating trade war between the two superpowers.
From The New York Times
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that ...
From Reuters
On Friday, his government escalated its response to Mr. Trump, raising tariffs on U.S. imports to 125 percent, despite concerns that a prolonged trade war could deepen China’s economic malaise.
From The New York Times
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President Donald Trump increased the tariffs on goods from China, setting off retaliatory tariffs. Here are the top items China imports from the US.
President Donald Trump’s rapid-fire trade war has set in motion a commercial rupture without precedent, which is rippling through the global economy in unpredictable and costly ways. The triple-digit taxes that the president has imposed on Chinese products — and China’s retaliatory measures — are expected to shrink trade between the world’s two largest economies from a recent annual peak of nearly $700 billion to almost nothing.
Chinese leader Xi Jinping said there were no winners in a trade war, in his first public comments on the matter since President Trump’s “Liberation Day” announcement last week. “There are no winners in a tariff war.
The US-China tariff battle is set to disrupt ethane and propane markets, according to Citigroup Inc., threatening to upend a trade that has surged in recent years as plastics manufacturing ramps up.
Earlier this week: Jared Isaacman, a billionaire entrepreneur and astronaut and Trump’s NASA administrator pick testified at a confirmation hearing as the agency faces a fork in the road. Robert F. Kennedy Jr. said his agency will know what causes autism by September.
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The price premium for gold in top consumer China above global benchmark spot prices widened this week due to consumers and investors seeking refuge from the country's escalating trade war with the United States,
Trade experts say it won't take long for American consumers and businesses to feel the fallout from the tariffs. "Businesses are already feeling the tariffs," one expert says.
Stocks climbed on Friday even as Wall Street analysts warn of a growing trade war between the world's two biggest economies.