China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow
Source: The Guardian | Published: April 4, 2025, 5:32 p.m.
Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-off
China has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.
Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets.
Continue reading...