Former British Prime Minister Tony Blair advised Labour Party leader Keir Starmer to avoid retaliatory tariffs against the US, citing that it would not be in Britain's best interest. This comes after President Donald Trump imposed a 10% tariff on all British exports to America. Blair praised Starmer for his "cool heads" response to the tariffs, while Treasury Minister James Murray is working on an economic agreement with the US to reverse the tariffs and minimize impact on UK businesses.
https://www.firstpost.com/world/not-in-uks-best-interest-blair-advises-starmer-against-retaliatory-trump-tariffs-13877245.htmlChina has fired back with a 34% tariff on all American goods in response to US President Donald Trump's latest salvo in an escalating trade war, matching the US tariffs announced earlier this year. The move is Beijing's most comprehensive retaliation yet and signals it has no intention of surrendering to Trump's punitive measures. China 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.
https://www.smh.com.au/world/asia/china-fires-back-with-34-per-cent-tariffs-on-american-goods-20250404-p5lpde.htmlChina has imposed additional tariffs of 34% on all imports from the US in retaliation for the US's latest tariff hike. The move comes after US President Donald Trump increased tariffs on Chinese goods, sparking a trade war between the two nations. China's retaliatory measures are expected to affect various American products and industries, including agricultural commodities and technology goods.
https://www.firstpost.com/world/china-retaliates-after-trump-tariff-blitz-to-impose-additional-34-levies-on-all-imports-from-us-13877230.htmlChina has imposed a 34% additional tariff on all US goods starting April 10, as retaliation against President Donald Trump's latest trade move. The decision comes after Beijing urged Washington to withdraw its tariffs and warned of countermeasures to protect its own interests.
https://indiatoday.in/world/story/china-slaps-34-additional-tariff-on-us-goods-from-april-10-2704059-2025-04-04Chinese think tank Center for China and Globalization's president Wang Huiyao criticized US President Trump's decision to sharply raise tariffs, calling it "self-defeating." In response, EU President von der Leyen is consulting with industries such as steel and auto makers, pharmaceutical companies, and others to give them more "breathing space" amid the trade war. China plans to increase trade with Southeast Asia and Latin America, potentially making it the largest trading nation, while the US may become more isolated.
https://www.boston25news.com/news/china-punches-back/64EPFQERPZH27B7JAUQF6SC42Q/Chinese military officials held working-level talks on maritime security with the US in an effort to reduce risks. The IMF's Kristalina Georgieva warned that US tariffs pose a significant risk to the global outlook. China has filed a lawsuit with the World Trade Organization over US tariffs, calling them a "typical unilateral bullying practice" that endangers global economic stability. In response, China imposed 15% tariffs on US coal and liquefied natural gas imports, as well as 10% tariffs on crude oil, agricultural machinery, and large-engine cars.
https://www.thehindu.com/news/international/china-imposes-a-34-tariff-on-imports-of-all-us-products-starting-april-10/article69412388.eceGlobal markets plummeted on Friday as China retaliated against US President Donald Trump's tariffs with its own massive levy on US goods, sparking fears of a global trade war. The dollar steadied against rivals after falling sharply on Thursday due to recession concerns in the US. Stocks in London and Frankfurt fell sharply, with the Nasdaq Composite dropping over 20% from its all-time high, while oil prices plummeted around 7%. China also imposed export controls on seven rare earth elements, including gadolinium used in MRIs and yttrium in consumer electronics, as tensions escalated.
https://channelnewsasia.com/business/trump-tariffs-stocks-oil-extend-rout-china-retaliates-5045001The European Union is taking steps to stabilize its economy, with EU leaders consulting with industries such as steel and automotive companies on how to give them more space to operate. China's President Wang Huiyao has criticized US President Trump's decision to impose drastic tariffs on countries worldwide, calling it "autodestructive". In response, China plans to increase trade with Southeast Asia and Latin America, while the EU is building stronger economic ties with other nations in development. The EU sees itself as a "safe haven" during turbulent times, with its large market making it an attractive destination for businesses.
https://apnews.com/article/eeuu-aranceles-trump-asia-china-europa-0fd00efa1e9963d837b3dcb19d311124Indonesian Foreign Minister Airlangga Hartarto discussed US policy with Malaysian Deputy Prime Minister Ahmad Zahid Hamidi and Prime Minister Anwar Ibrahim, emphasizing the need for ASEAN cooperation to address global challenges. Hartarto urged Malaysia to push for strengthened cooperation among ASEAN states to counter the US reciprocal tariff policy. He also met with Malaysian Minister of Investment, Trade, and Industry Tengku Zafrul Azis to discuss strategies for strengthening ASEAN's economy and maintaining trade ties with the US.
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