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Date: 09-apr-2025
China has fired back at the United States in the latest escalation of a rapidly intensifying global trade war. On April 9, 2025, the Chinese Ministry of Commerce confirmed it will raise tariffs on American goods to 84%, effective April 10. This is a direct response to U.S. President Donald Trump’s 104% import tariff imposed on Chinese products earlier this week.
In a strongly worded statement, the Chinese government condemned the U.S. action as “unilateral and reckless,” vowing to defend its economic interests. “We will fight to the end unless the U.S. chooses mutual respect and equal dialogue,” said a spokesperson from the ministry.
The new 84% tariff applies broadly across categories including electronics, agriculture, and consumer goods—raising fears of higher prices and trade disruptions worldwide.
Global markets tumbled following the announcement. U.S. futures declined steeply:
Shares of major companies like Apple, Meta, and Exxon Mobil also saw pre-market losses between 2% and 4% as investors digested the news.
China also added 11 American companies to its “unreliable entities list,” restricting their access to Chinese dual-use goods. This includes defense-related firms such as American Photonics and SYNEXXUS.
In parallel, China has filed a fresh complaint against the U.S. at the World Trade Organization (WTO), citing violations of international trade rules.
Economists are warning that this tit-for-tat escalation could push the global economy toward recession. Supply chains remain strained, investor sentiment is fragile, and central banks are being forced to choose between inflation control and economic stimulus.
Despite both sides expressing willingness to engage in talks, no official negotiations have been scheduled as of today.
As the world watches two economic superpowers lock horns, the fallout is being felt far beyond Beijing and Washington. With financial markets rattled and businesses caught in the crossfire, the next few weeks could prove critical for global stability.
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Date: 09-Apr-2025
Brent crude fell 3.79% to $60.44 and WTI dropped 4.13% to $57.12 as trade war fears shake global energy demand.
Date: 09-Apr-2025
Brent crude fell 3.79% to $60.44 and WTI dropped 4.13% to $57.12 as trade war fears shake global energy demand.
