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The ongoing U.S.-China trade war intensified as China firmly denied any ongoing trade discussions with the United States, despite recent claims by former U.S. President Donald Trump. The Chinese embassy in Washington reiterated that no consultations or negotiations on tariff issues have taken place. Beijing Refutes Trump’s Claim In a recent interview with Time magazine, …
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LOS ANGELES — California launched a legal battle on Wednesday against the federal government over Donald Trump’s revived tariff policies. Governor Gavin Newsom and Attorney General Rob Bonta announced the lawsuit, saying Trump lacks the legal authority to impose such levies. “This is the worst own-goal in U.S. history,” said Newsom. “A self-destructive move that …
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China on Wednesday lashed out at the United States after the White House confirmed tariffs on some Chinese goods had surged to 245%. Beijing called the move “irrational” and accused Washington of using pressure tactics and intimidation. The White House defended the hike, saying the tariffs were a response to Beijing’s trade practices. A statement …
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China has enforced a sweeping retaliatory tariff of 84 percent on all U.S. goods, marking a dramatic escalation in the ongoing trade war between the world’s two largest economies. The new levy, effective from 12:01 a.m. Eastern Time on April 10, increases the previous 34 percent rate by 50 percentage points. This move, while firm, …
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In a sharp market downturn, crude oil prices tumbled to their lowest levels since the 2021 pandemic. The steep drop was triggered by rising tensions in the global trade war, especially between the United States and China, sparking fears of economic slowdown and reduced demand. China’s Tariff Response Sparks Global Shockwaves On Friday, oil markets …
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China has vowed to fight to the end in its ongoing trade war with the United States, responding to new US tariffs with its own countermeasures. As tensions rise, both nations continue imposing economic restrictions, affecting global markets and supply chains. China Rejects US Tariff Hikes The Chinese Embassy in Washington declared that Beijing is …
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