Escalating US-China Trade War Spurs Global Discussion on Mitigation Strategies
Governments worldwide strategize on coping with rising US-China trade tensions as Trump threatens new tariffs and China vows retaliation.
Several business leaders and lawmakers, including Schumer, have expressed concerns over the tariff plans.
Sen Chuck Schumer: US should be tough on China but smart about it
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During speeches this afternoon, Democratic leadership in the House and Senate warned that Trump’s tariffs are teeing up “a nationwide recession.”
China rejects Trump’s threat of extra 50% tariffs as his deadline looms – US politics live
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Governments elsewhere are brainstorming over strategies for coping with the trade war between the world’s top two economies.
As China and the US spar, countries brainstorm over how to cope with the trade war
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The art market had a brutal 2024, with global sales declining 12% by value, according to a new report by Art Basel and UBS.
China Shifts to Fight Mode, Deploys Market Support
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China said it will “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports in retaliation for Beijing’s backlash against the 34% tariffs he ordered on his April 2 “Liberation Day.”
As China and the US spar, countries brainstorm over how to cope with the trade war
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The tit-for-tat standoff follows Trump's announcement last week he was raising import taxes on Chinese goods to 54%, on top of earlier increases.
China vows to 'fight to the end' and accuses Trump of 'blackmail' over tariff warning
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While world markets calmed somewhat after frenzied selling over two trading sessions that wiped out trillions of dollars worth of wealth, leaders in Asia shifted into damage control mode.
As China and the US Spar, Countries Brainstorm over How to Cope with the Trade war
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The broadened tariff scope reflects Chinese leadership’s diminished hopes for a trade deal with the U.S.
China says it will 'fight to the end' after Trump threatens 50% additional tariffs
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The current U.S.–China tariff standoff is more than a trade conflict, according to Yeh Yao-Yuan, a professor of international studies at the University of St. Thomas in Houston.
Why US Has Upper Hand Over Beijing in Tariff Standoff
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Such a series of reactions and reprisals from China and the US appeared to be exactly what investors feared last week, as American stock indexes dropped by double-digit percentages.
Trump's game of chicken over tariffs leaves world guessing
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The stock market has reacted negatively to the tariffs and dropped in value by more than a total of $10 trillion.
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Trump’s commitment to his tariffs comes amid mounting pressure from economists, investors, and even Republicans in Congress for the White House to pause a trade strategy many fear could drive a global recession.
Trump Doubles Down on Trade War, Threatening China With More Tariffs
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Economic leaders have repeatedly expressed wariness about Trump’s approach and what it may mean for the larger economy.
Trump shows no signs of backing off tariffs
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In response, investors have initiated a massive stock sell-off amid fears that the scale of what Trump has proposed threatens to remake the world economic order — and weaken overall global output, including growth in the U.S.
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Other countries impacted by Mr. Trump’s trade barriers are publicly declaring their willingness to work with the White House as well.
Trump Threatens To Double Tariffs on Communist China After Xi Imposes Retaliatory Import Taxes
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Ultimately, the US may never be able to push China out of global markets, and even coming close would likely require coordination across several presidential terms.
Trump gives China one day to end retaliations or face extra 50% tariffs
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The trade dispute comes as the two countries try to make a deal that will determine the future of TikTok, the short-form video app.
Trump threatens additional 50% tariff on China after country retaliates
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U.S. free trade with China, which started at the end of the 1990s when China was allowed to enter the World Trade Organization (WTO) and given Most Favored Nation (MFN) status by Congress, has devastated America’s working and middle class for nearly three decades.
Trump Threatens China with Additional 50% Tariffs for Imposing Retaliatory Tariffs on U.S.
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Fears of trade wars are seemingly coming to fruition and threaten to raise prices on everything we buy, including Apple products.
Will Trump's Newest 50% Tariff on China Double the iPhone Price?
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Summary
U.S. President Trump intensified trade tensions by threatening a 50% tariff on China, prompting Beijing to vow strong countermeasures. China's Commerce Ministry criticized U.S. actions as 'unilateral bullying,' stating, 'China will fight to the end.' Meanwhile, global markets, still recovering from massive sell-offs, saw leaders from Japan, India, and Malaysia formulate strategies to mitigate damage. Japan's Prime Minister Ishiba set up a task force to address the impact of U.S. tariffs, while India seeks concessions in its trade negotiations with the U.S. The situation raises concerns over a potential global recession, affecting consumer costs and international trade dynamics.
Perspectives
The US-China trade war is intensifying as Trump threatens an additional 50% tariff on Chinese imports unless China rescinds its retaliatory tariffs scheduled for April 8.
China's strong counter-responses to US tariffs, illustrating a deepening division, may lead to a prolonged economic confrontation that analysts warn could accelerate the decoupling process between the US and China.
Experts suggest the ongoing tariff disputes signify a profound geopolitical struggle, reshaping the international trade landscape and raising fears of a global economic downturn.
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