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China Raises Tariffs on US Imports To 125%
China responded to President Trump's tariffs on Friday, raising its own tariffs on American goods to 125%, from 84%. The New York Times: The announcement by China's State Council came after Trump administration officials clarified on Thursday that China was now facing a minimum tariff rate of 145% o...
CNN: The trade war between the world's two economic superpowers has tanked international markets and fueled fears of a global recession. "There are no winners in a trade war, and going against the world will only lead to self-isolation," [Chinese leader] Xi Jinping told Spanish Prime Minister Pedro Sanchez in Beijing on Friday, according to state broadcaster CCTV. "For over 70 years, China's development has relied on self-reliance and hard work -- never on handouts from others, and it is not afraid of any unjust suppression," Xi added.
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