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Date: 08-apr-2025
The U.S.–China trade war reached a new peak on April 8, 2025, as China announced sweeping retaliation against President Donald Trump’s latest tariff measures. In response to the United States imposing a 50% tariff on all Chinese imports, Beijing has enacted a 34% tariff on U.S. goods and introduced a full export ban on rare earth materials — critical components in electronics, electric vehicles, and defense technologies.
China's Ministry of Commerce declared that the country will "fight to the end" to protect its economic sovereignty, calling the U.S. move an “unjustified escalation that severely disrupts global trade stability.” The announcement has already rattled international markets and raised alarms over a looming global economic slowdown.
Rare earth elements are indispensable in manufacturing advanced electronics, magnets, renewable energy components, and military-grade hardware. China currently supplies over 80% of the world's processed rare earths. The sudden cutoff could severely impact American industries reliant on high-tech manufacturing.
The White House has defended the 50% tariff hike as a "strategic move to rebuild American industry and reduce dependence on China." However, critics argue that the move will raise costs for American businesses and consumers and could further destabilize a fragile post-pandemic economy.
Economists warn that this tit-for-tat tariff war could lead to:
While neither side has ruled out future negotiations, both the U.S. and China appear prepared for a prolonged standoff. Global markets, meanwhile, are already pricing in the impact, with equities falling and commodity prices rising in early trading.
As tensions escalate, industry leaders and governments worldwide are watching closely, bracing for what could become the most economically damaging phase of the U.S.–China trade war to date.
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Date: 08-Apr-2025
On April 8, 2025, Indian equity markets rallied strongly, with the Sensex closing up 1,089 points and the Nifty settling above the 22,500 mark. Broad-based sector gains fueled investor confidence.
Date: 08-Apr-2025
On April 8, 2025, Indian equity markets rallied strongly, with the Sensex closing up 1,089 points and the Nifty settling above the 22,500 mark. Broad-based sector gains fueled investor confidence.
