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Trump Escalates Tariffs on China to 125%, Beijing Hits Back Hard | Vantage with Palki Sharma | N18G
President Donald Trump has raised tariffs on Chinese imports to a staggering 125%, singling out Beijing in his widening trade war. While the US offers a 90-day tariff pause to 75 nations, China is excluded. Trump insists Beijing wants a deal but “doesn’t know how to ask.” Beijing’s response has been forceful—retaliating with 84% tariffs, restricting US firms, and threatening further action. From WTO complaints to curbs on Hollywood films and potential blows to US agriculture and finance, China is preparing for a long battle. As both nations dig in, the global economy braces for the fallout of this deepening trade conflict.
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Financial markets have soared after US President Donald Trump announced a 90-day "pause" on the tariffs against countries who have not retaliated against the US.
The pause means a "universal 10%" tariff will be in place for all countries, other than China, White House Press Secretary Karoline Leavitt confirmed.
The White House also said it was introducing a 125% tariff on China "effective immediately”.
The NASDAQ index went up 9% and the S&P 500 index rose 8% following the news.
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After a stock market meltdown, Donald Trump paused his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 percent. MSNBC’s Ari Melber reports. (The Beat's YouTube playlist: https://msnbc.com/ari Beat merch: https://msnbc.com/Beat5)
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China has slapped retaliatory tariffs of 84% on all US imports, deepening a trade war between Beijing and Washington.
It comes as President Donald Trump had earlier put a 104% tariff on Chinese goods - but later raised this to 125%, citing a "lack of respect" from China.
Trump has paused higher tariffs on other countries, though a "universal 10%" levy will be in place.
Financial markets in Asia jumped following news of the reprieve, with one expert saying the region is 'breathing a massive sigh of relief’.
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President Trump's top trade adviser, Peter Navarro, joins Linsey Davis to discuss Trump's reciprocal tariffs, how the stock market is reacting, and his recent back-and-forth with Elon Musk, claiming Wednesday was the “greatest day in trade history” in America.
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Stephen Roach, senior fellow at Yale Law School, discusses the latest developments on U.S. tariffs.
As the US–China trade war intensifies, KraneShares chief investment officer Brendan Ahern joins Market Domination Overtime with Julie Hyman and Josh Lipton to explore the ongoing tariff war in more detail.
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ABC News’ Jon Karl offers analysis on what led to President Donald Trump’s pause of his sweeping new tariffs.
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The White House has clarified that the tariffs imposed on Chinese goods coming into the US stands at 145%.
On Wednesday, US President Donald Trump announced that he was hiking the levy to 125%, but the administration has now said that that figure did not include a pre-existing tariff of 20% which was imposed on countries the US said produces the drug fentanyl.
European and Asian markets saw gains on Thursday, but US shares slumped seconds after the market opened; with The Dow Jones and S&P 500 indexes down over 4%, and the Nasdaq as much as 5% lower.
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China has urged the US to meet it "halfway" amid the spiralling trade war. Beijing repeated that it will "fight to the end" if a deal cannot be reached. The foreign ministry added that while China is not interested in a fight, it is not afraid of more tariffs. Beijing also warned that US President Trump's tariffs go "against the whole world", given the damage they do to trading systems and the threat they pose to the stability of the global economic order. Tan Si Hui and Nick Harper report.
Ontario Premier Doug Ford reacted to Canada not being included in President Donald Trump’s “reciprocal tariffs” pause. Mexico and Canada won’t face the 10% tariffs, a White House official told CNN. Almost every good coming from the two nations will continue to be tariffed at 25%, unless they are compliant with the US-Mexico-Canada Agreement. #CNN #News
Global markets have rebounded following the US president's announcement of a 90-day pause on most tariffs, prompting hopes that a wider financial crisis could perhaps be avoided.
Sky's Gillian Joseph asks Jordan Belfort, the former stockbroker portrayed by Leonardo DiCaprio in the film The Wolf of Wall Street, whether President Donald Trump manipulated the markets with his recent tariff announcement.
Read more: https://news.sky.com/story/how....-tariffs-sparked-tur
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Tariffs Pause: China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it’s meeting only partial success with many countries unwilling to ally with the main target of President Donald Trump’s trade war.
Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions.
LiveNOW from FOX host Jeane Franseen spoke to Samir Kapadia with Leads Vogel group's trade practice to discuss the latest.
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Trade War Deepens: China Hits Back as Trump Raises Tariffs to 145% | Vantage with Palki Sharma |N18G
Trade War Deepens: China Hits Back as Trump Raises Tariffs to 145% | Vantage with Palki Sharma | N18G
The US-China trade war is spiralling fast. With tit-for-tat tariffs now reaching unprecedented levels—145% by the US and 125% by China—the world’s two biggest economies have locked horns in what is fast becoming an economic standoff. Beijing has declared its latest tariff hike its final move, calling the escalating figures “a joke.” While Trump claims a deal is possible, Xi Jinping has made clear China will not compromise under pressure. Beyond tariffs, China is targeting US businesses, travellers, students. As both sides dig in, the global economy hangs in the balance.
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Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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Economic relations between the US and China are effectively over as the world’s two largest economies trade blows in a tit-for-tat trade war that’s brought the global world order into a new era.
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As Xi Jinping calls on the EU to join him in opposing President Donald Trump’s ‘bullying’, where does this leave the rest of the world? Is globalisation over?
On this episode of The Fourcast, Matt Frei is joined by Joseph Stiglitz, a Nobel Prize-winning economist, former adviser of Bill Clinton and former chief economist of the World Bank.
Produced by Ka Yee Mak, Tom Gordon-Martin, Simon Stanleigh and Michael Saliba.
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Beth Benike, CEO of the small company Busy Baby, explains how President Donald Trump's tariffs and trade war are affecting her business. Benike was just named Minnesota's Small Businessperson of the year and has just gotten her products onto the shelves of Walmart and Target. #CNN #News
Nobel Prize-winning economist Paul Krugman joins Morning Joe to discuss the global impact of Trump's tariffs.
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US President Donald Trump retreated on many of his tariff plans but doubled down on hikes for China, unleashing market chaos. What’s behind his trade war, and what’s next?
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Amazon sellers are reeling amid Trump's 125% tariffs on Chinese goods, telling CNBC they will need to raise prices and could go out of business. Up to 70% of goods on Amazon are imported from China. Seven of the eight U.S.-based Amazon sellers CNBC talked to said that manufacturing in the U.S. isn't financially possible, despite tariffs. One positive: Trump did close a loophole that was helping direct-from-China sellers on Temu and Shein undercut U.S. seller prices. The "de minimis" exemption that allowed goods under $800 to avoid all taxes and duties will end on May 2.
Update: On April 10, 2025, the White House clarified to CNBC that tariffs on imports from China now effectively total 145%.
Chapters:
0:00 Introduction
1:40 Trump tariffs and price hikes
5:10 China made, U.S. based
8:01 Reviving U.S. manufacturing?
11:24 Ending de minimis
Produced and shot by: Katie Tarasov
Edited by: Matthew Soto
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Mallory Brangan
Additional Footage: Amazon, Basic Fun, Genius Games, Getty Images, Portable Winch, Teamson, Vyper Industrial, Zest
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How Trump’s China Tariffs Could Shutter Amazon Sellers In The U.S.
