China retaliates with 84% tariffs on US goods as Trump trade war rattles markets.
China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on U.S. imports to more than 80%.
GLOBAL ECONOMIES
Trump’s reciprocal tariffs plan kicks in, China to see net total tariffs of 104%.
A White House official has confirmed that the US will enforce a 104 per cent tariff on China beginning at 12:01 am ET (0401 GMT) on Wednesday (April 8), according to a report by Reuters.
China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs.
China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports.
EU Commission proposes 25% counter-tariffs on some US imports.
The European Commission on Monday proposed counter-tariffs of 25% on a range of American goods in response to President Donald Trump’s tariffs on steel and aluminum, according to media reports.
Trump threatens new 50% tariffs on China.
President Trump on Monday said the U.S. will apply an additional 50% tariff on imports from China
Crude oil falls below $60 for first time since 2021.
U.S. oil prices fell about 2% on Monday, adding to last week’s steep losses on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Hong Kong stock market sees biggest drop since 1997.
Hong Kong’s Hang Seng plunged more than 13 percent, its biggest drop since the 1997 Asian financial crisis
Tariffs Are Sales Taxes Beneficial to the Targeted Party – The GITFiC
Tariffs are primarily sales taxes, mainly beneficial to the targeted country rather than the imposing country.
China hits back at Trump tariffs with extra 34% tax on US goods, deepening market turmoil.
China’s finance ministry said the additional tariffs would be imposed from April 10.
U.S. Tariffs on African Countries: A Ripple Effect Across the Continent
These tariffs, rolling out between April 5 and 9, 2025, aren’t just numbers—they’re a wake-up call for Ghana and the continent.