US tariff

April 16, 2025 4:12 PM

China responds to 245% US tariff: “Ask US for details”

Reacting to the White House’s claim that China now faces tariffs of up to 245% on exports to the United States, Chinese Foreign Ministry spokesperson Lin Jian urged reporters to “ask the US side for specific tax rate figures.” Addressing a press briefing on Wednesday, Lin reiterated China’s consistent position on the issue, saying that the tariff dispute was initiated by the US. He maintained that Beijing’s countermeasures were taken to safeguard its legitimate rights and uphold inter...

April 16, 2025 3:09 PM

China Q1 GDP growth tops expectations, but US tariff shock looms large

China's first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output, but analysts fear momentum could shift sharply lower as U.S. tariffs pose the biggest risk to the Asian powerhouse in decades. President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on U.S. imports that have raised the stakes for the world's two biggest economies and rattled financial markets. Data...

April 11, 2025 3:27 PM

No Clear Winner: Xi Jinping responds as China raises tariffs on US goods to 125%

Chinese President Xi Jinping has warned that “there is no winner in a tariff war,” emphasizing that unilateral actions risk isolating nations from the global community. His remarks came during a meeting with Spanish Prime Minister Pedro Sanchez in Beijing on Friday. In a move likely to heighten global economic tensions, China has announced a new round of retaliatory tariffs on US imports, effective from Saturday, raising the total duty to 125%. This follows a decision by US President Donald...

April 8, 2025 2:27 PM

US is starting to look like an emerging market after tariff shock, Euronext CEO says

The United States is starting to resemble an emerging market more than a developed country, Euronext's CEO Stephane Boujnah said on Tuesday as financial markets remained volatile after the imposition of sweeping U.S. tariffs. "Fear exists all over," the head of the pan-European stock exchange operator told France Inter radio. "The country (United States) is unrecognisable and we are living in a transition period. There is a certain form of mourning, because the United States that we had known f...

February 27, 2025 4:30 PM

Trump tariff policy an attack on EU industry and jobs, Italy’s business lobby says

Trump tariff policy an attack on EU industry and jobs, Italy's business lobby says U.S. President Donald Trump's threat to introduce tariffs on European Union imports would undermine the bloc's companies and its workforce and require a strong response from the EU, Italy's business lobby said late on Wednesday. Trump has said his administration will soon announce a 25% "reciprocal" tariff on goods from the EU, including cars. "The threat is not only of an impact on trade dynamics. The truth is...