Trump pauses higher tariffs for most countries for 90 days - but increases those on China to 125%
Wednesday, 9 April 2025 () Donald Trump has paused his so-called "reciprocal" tariffs on most of America's trading partners for 90 days - while increasing those on China to 125%.
The trade war between the U.S. and China has reached new heights. In response to President Donald Trump's decision to raise tariffs on Chinese goods to 145%, China has retaliated by increasing its own tariffs on U.S. imports to a staggering 125%. With both sides digging in, the global economy is...
Chinese President Xi Jinping wraps up his Southeast Asia tour with a strategic visit to Cambodia, aiming to fortify bilateral ties and expand regional trade as tensions with the U.S. intensify. Amid fresh American tariffs targeting Chinese and Cambodian exports, Xi's outreach signals China’s pivot toward Southeast Asia. Following stops in Vietnam and Malaysia, his Cambodia leg underlines Beijing’s plan to counterbalance Western pressure with stronger ASEAN partnerships. The visit emphasizes mutual cooperation, trade development, and geopolitical maneuvering as China reinforces its influence in the region.
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In a bombshell announcement, Donald Trump revealed that the long-anticipated US-Ukraine Rare Earth Deal is set to be signed soon, sending shockwaves through global strategic circles. Speaking at a press briefing, Trump emphasized the deal's significance for national security and the global supply chain, calling it a “game-changer” for America’s independence from Chinese rare earth dominance. The agreement, which reportedly includes access to critical Ukrainian mineral reserves, is expected to reshape the geopolitical balance in the rare earth market.
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Trump has rejected calls to end tariffs on the European Union, leaving Italy's Prime Minister Giorgia Meloni stunned. The two leaders met amid rising tensions over trade policies, with Meloni pushing for tariff reductions as part of an economic breakthrough. However, Trump remained firm in his stance, citing the need to protect U.S. industries and jobs.
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