US-China Trade Tensions Escalate Dramatically as Trump's Tariffs Spark Chinese Retaliation

Published on 4.6.25

  The ongoing trade war between the United States and China has reached a boiling point, with both countries imposing significant tariffs on each other's goods. The latest development saw China retaliate against US President Donald Trump's tariff hike by slapping a 34% levy on all American imports, matching the US tariffs announced earlier this year. China has also added 11 more American companies to a trade blacklist, imposing export controls on rare earths used in high-tech products such as computer chips and electric vehicle batteries. The Chinese government and media outlets have condemned the US tariffs as "unacceptable" and vowed to take measures to protect their economy. The global markets have taken a hit, with stocks plummeting due to the escalation of the trade war. Oil prices also fell sharply, around 7%. This escalation has significant implications for global markets and economies, with many fearing a broader trade conflict that could have far-reaching consequences.

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