Giorgia Meloni plans to negotiate removal of tariffs with U.S. and EU amid rising trade tensions
MY GLOBAL POLITICS
MY PROFESSION
MY TECH INTERESTS
1h ago
China Imposes 34% Tariffs on U.S. Goods; $2.4 Trillion Lost in Stock Market
- China's finance ministry announced it will impose additional tariffs of 34% on all U.S. goods starting April 10.1
- The global stock market has reacted negatively, with $2.4 trillion wiped off U.S. shares following Trump's tariff plans.1
- Economists have expressed concerns that the current slate of tariffs could lead to a recession in the U.S. economy.1
- Italian Prime Minister Giorgia Meloni advocates for removing all tariffs in negotiations with the U.S. and EU.1
- China announced a new 34% tariff on U.S. goods, causing a $2.4 trillion drop in U.S. stock market value.
- Concerns grow over potential recession due to the tariffs, while Italy's PM calls for tariff removal.
1h ago
China Imposes 34% Tariff on US Goods and Export Controls on American Companies
- China announced a 34 percent tariff on imported American goods in response to US tariffs, escalating trade tensions.1
- The retaliatory measures include export controls on 16 American companies and suspension of eligibility for six US-linked companies.1
- The Chinese tariff will be effective from April 10, according to the State Council.1
- The swift response from Beijing indicates a tough stance rather than a willingness to negotiate with the US.1
- China has retaliated with a 34% tariff on US goods and imposed export controls on American companies.
Scmp
3h ago
China Critiques Trump's Tariffs with AI Song and 34% Countermeasures
- Chinese state media produced an AI-generated song titled Look What You Taxed Us Through to criticize Trump's tariffs, highlighting the negative impact on American consumers.1
- The AI-generated song's lyrics express that tariffs hit, wallets quit, indicating the financial burden on low-income families due to Trump's trade policies.1
- China's Ministry for Foreign Affairs released a video questioning What kind of world do you want to live in? in response to Trump's tariffs, contrasting greed and tariffs with shared prosperity.1
- Beijing has implemented tit-for-tat countermeasures against Trump's tariffs, with a current reciprocal rate of 34% on top of earlier levies.1
- China has responded to Trump's tariffs with an AI-generated song and implemented a 34% countermeasure.
8h ago
Trump’s Tariffs Impose 34% Levy on Chinese Imports and Affect Campaign Merchandise Prices
- President Trump’s tariffs are set to impose a 34 percent levy on Chinese imports, impacting the cost of merchandise like Maga hats.1
- Over 90 percent of bestselling presidential campaign merchandise on Amazon is sold by vendors based in China.1
- Trump's tariffs are expected to disproportionately affect poorer households, who largely supported him in the elections.1
- Trump has stated, I couldn’t care less if they raise prices, indicating his focus on promoting American-made products.1
- Trump's new tariffs will impose a 34% levy on Chinese imports, affecting campaign merchandise prices and poorer households.
Thetimes
13h ago
Trump Imposes 34% Tariff on Chinese Goods, Analysts Predict 76% Average Tariff
- President Trump announced a 34% tariff on Chinese goods, bringing the total new levies to 54%, which could escalate the trade war.1
- Analysts predict that the average U.S. tariff on Chinese goods will be 76%, significantly impacting trade dynamics.1
- Chinese producers are facing challenges as they attempt to shift trade to alternative markets, which is described as a price war among exporters that risks deflation.1
- Trump announced a 34% tariff on Chinese goods, raising total levies to 54% and analysts predict tariffs could average 76%.
- Chinese producers face a price war among exporters, risking deflation.
13h ago
Trump's Tariffs Hit China, Xi Jinping Strengthens Ties With US Allies
- Trump's tariffs are expected to hit China's economy particularly hard, but they also provide Xi Jinping with an opportunity to strengthen ties with US allies.1
- Xi Jinping may leverage the situation to enhance China's diplomatic relationships amid the tariff increases.1
- Trump's tariffs are set to significantly impact China's economy, while Xi Jinping may strengthen ties with US allies.
14h ago
Background
- Trump's leadership style poses a significant threat to potential agreements with China, as his administration exhibits chaos and unpredictability that unnerves Beijing.1
- The Biden administration's strategy of building US alliances to exclude China contrasts sharply with Trump's approach, which recognizes Chinese interests and seeks mutual accommodation.1
- Trump's imposition of tariffs on China has escalated tensions, with larger tariffs already levied than during the entire trade war of his first term.1
- Chinese leaders are cautious and conservative, viewing the liberal international order as crucial for stability and commerce, contrary to the portrayal of them as aggressive.1
- Trump's leadership style, characterized by chaos and unpredictability, poses a significant threat to potential agreements with China.
- The Biden administration's strategy focuses on building US alliances to exclude China, contrasting with Trump's approach of recognizing Chinese interests.
- Trump has imposed larger tariffs on China than during the entire trade war of his first term, escalating tensions.
The Nation