China announced it would increase additional tariffs on US goods to 125 per cent starting April 12, in response to the escalating trade war with the US. The finance ministry stated it would not accept further US tariff increases on Chinese exports, calling the US’s actions a violation of international trade rules and unilateral bullying. The move comes amid a tit-for-tat exchange of tariffs between the two countries, with Trump’s aggressive tariff agenda causing market turmoil and disruptions to international trade.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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