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The Latest Breaking News from China

China strikes back at Trump with 34 percent tariff — bans some rare earth exports to the U.S.

China applied a 34% tariff on all goods coming from America., as well as banning the export of seven rare earth metals to the U.S.

Tom’s Hardware

Commission watching for Chinese steel and electronics imports amid trade war

As reciprocal tariffs kick in, the EU is expecting goods formerly destined for the US to seek EU markets, with Chinese renewables, steel and electronics topping a list of products the Commission is keeping its eye on.

Euronews

Crude Prices Plunge as Tariff Turmoil Threatens Global Energy Demand

May WTI crude oil (CLK25 ) today is down -4.66 (-6.96%), and May RBOB gasoline (RBK25 ) is down -0.1146 (-5.30%). Crude oil and gasoline prices are sinking for the second day, with crude falling to a 4-year low and gasoline sliding to a 1-month low. Tariff turmoil is undercutting...

Barchart

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Stock Rout Continues on Global Trade War Fears

The S&P 500 Index ($SPX ) (SPY ) today is down -4.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -3.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -4.76%. June E-mini S&P futures (ESM25 ) are down -4.09%, and June E-mini Nasdaq futures...

Barchart

Apple iPhone prices could soar to £2,700 due to Trump's tariffs, says analyst

Apple faces a tough choice: absorb the costs and risk growth or pass them on to consumers with eye-watering price hikes

Evening Standard

China hits US with massive tariffs - here’s how the markets reacted

Trump tariffs live: China hits US with huge 34% tariff after FTSE drops in market meltdown

The Independent UK

Billions In U.S. EV Projects Just Stalled, As China Speeds Ahead

Under the Biden administration’s Inflation Reduction Act, the U.S. was on track to meet all its battery demand for electric vehicles from local manufacturing by the end of the decade. Now, the country may not reach that goal as billions of dollars worth of clean energy projects have stalled in…

InsideEVs

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John Rentoul answers your Trump tariffs questions from the ‘Brexit dividend’ to chlorinated chicken

ASK ME ANYTHING: In a live Q&A, The Independent’s chief political commentator John Rentoul fielded readers’ questions on Trump’s trade war, its global consequences, and the UK’s options for navigating this latest storm

The Independent UK

Is the US Soybean Market Great Again?

Regardless of how one views the US soybean market, there are a number of fundamental factors that shed light on the situation.

Barchart

Trump Goads China After Beijing Retaliates In Global Trade War

President Donald Trump goaded a "panicked" China on Friday after the chief US economic rival retaliated against his tariffs and he dismissed stock market panic over the growing global trade war, touting the chance to "get rich."

International Business Times

Dollar Recovers on US Labor Market Strength

The dollar index (DXY00 ) today is up by +0.31%. The dollar today recovered from early losses and is moderately higher as it consolidates above Thursday’s 6-month low. Short covering emerged in the dollar today after US March payrolls rose more than expected, a hawkish factor for Fed policy. The...

Barchart

China Strikes Back With Steep Tariffs, Deepening US Trade Rift

China announced Friday it will impose a 34% tariff on all U.S. imports starting April 10, marking a significant escalation in its response to President Donald Trump's aggressive trade measures.

International Business Times

Wall Street stocks plunge deeper after worst trading day since pandemic

Trading has been hammered in the aftermath of President Donald Trump unveiling his full range of import taxes on countries around the world.

Evening Standard

Global sell-off worsens and Dow Jones tumbles as China hits back at US

China announced retaliatory tariffs of 34% against the US on Wednesday, a move causing several US stocks to plunge, particularly those of firms with extensive ties to China.

Euronews

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Barchart

Stock Losses Deepen on China Retaliatory Tariffs

The S&P 500 Index ($SPX ) (SPY ) today is down -2.89%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.83%. June E-mini S&P futures (ESM25 ) are down -2.62%, and June E-mini Nasdaq futures...

Dynamite News

China imposes 34% tariff on imports of all U.S. products starting April 10

China will impose 34% tariffs on all U.S. imports starting April 10, matching U.S. rates, while tightening rare earth export controls and sanctioning 27 U.S. firms.

Latin Times

Video Shows Marco Rubio Bashing Tariffs As 'Tax on Americans' Years Before Backing Trump's 'Liberation Day' Agenda

Back when he was campaigning for president years ago, Marco Rubio slammed tariffs as a "tax on Americans." Now he defended them and assured that markets will recover after crashing

The Guardian - UK

China retaliates against Trump in trade war with 34% tariffs on US imports

Fears of global recession rise as stock markets continue to fall after China responds to US president’s ‘bullying practice’

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Reason

The Morning After

Plus: Eric Adams' clown show, Matt Taibbi's lawsuit, and more...

International Business Times

Where Things Stand In The US-China Trade War

China has hit back against US President Donald Trump's "liberation day" tariffs, slapping 34 percent levies on all imports of American goods.

The Conversation

More than just chips: Chinese threats and Trump tariffs could disrupt lots of ‘made in Taiwan’ imports − disappointing US builders, cyclists and golfers alike

What would the United States stand to lose economically if its current access to the Taiwanese market were upended or totally restricted?

The Independent UK

Stock market closes week in bloodbath as Trump’s tariffs cause historic two-day drop and wipe out $6 trillion

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Latin Times

China's Response to Trump Liberation Day Tariffs Slated to Decimate Stock Market Further

Stock markets continue to plunge after China announced it will impose reciprocal tariffs on the United States

The Independent UK

What is the International Criminal Court and how can a member country like Hungary leave?

Hungarian Prime Minister Viktor Orbán has announced his intention to withdraw his country from the International Criminal Court

The Guardian - UK

From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?

Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measures

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