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US-China trade war escalates

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French Prime Minister François Bayrou says it is a "terribly dangerous" idea to think that China can replace the US as a trade partner.
From BBC
China will impose 125% tariffs on U.S. goods from Saturday, up from the 84% previously announced, the finance ministry said on Friday.
From Reuters
U.S. Treasury Secretary Scott Bessent said during the meeting that as they settle deals with countries, it will bring more certainty on trade policy.
From Reuters

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China raises tariffs on US goods to 125% as trade war ramps up
China’s president Xi Jinping says there are "no winners in a tariff war" as Beijing faces 145% levies on some goods imported to the US.
Here's what some exporters in China say about Trump's trade war
The trade war between the world's two largest economies is escalating as China on Friday slapped a 125% tariff on U.S. goods in response to President Donald Trump's 145% tariff on Chinese products. Caught in the crosshairs are businesses that are part of the more than $582.
US-China trade war escalates as Trump’s tariffs rattle markets
An unprecedented trade war between the United States and China is taking shape as both countries wait for the other to make the first move at a deal on tariffs. Follow for live news updates.
China hits back at Trump tariff hike, raises duties on US goods to 125%
Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145%, raising the stakes in a trade war that threatens to up-end global supply chains.
Gold hits record high as Trump tariffs trigger US-China trade war fears
Gold has risen to a record high as investors are flocking to safe-haven assets, as concerns over the trade war between Washington and Beijing deepen. It comes after Asian stocks s
China Announces Countermeasures By Raising Tariffs On U.S. Goods To 125% From Saturday
Washington and Beijing have escalated their trade war even as Trump hit a pause on tariffs for other countries.
Trump says he would love to make a trade deal with China
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
Trump’s Tariffs On China Are Now At Least 145%, White House Confirms—Higher Than He Previously Claimed
President Donald Trump’s tariffs on Chinese imports are even higher than the 125% rate initially announced, as the White House confirmed Thursday there’s now a 145% tariff on many goods from China—and higher in some cases.
China retaliates against Trump's 'trade tyranny' with 84% tariffs
China's finance ministry has announced an 84% tariff on goods imported from the US, retaliating against recent levies imposed by the White House. The hike in tariffs, from 34%, came after US President Donald Trump's 104% tariff on Chinese goods came into force on Wednesday - they were later increased to 125%.
Earthquake and war ravaged their families in Myanmar. But they’re too scared to leave Trump’s America to visit home
When a 7.7 magnitude earthquake destroyed her family’s home in Myanmar, US-based international student Hope Pann felt helpless.
Oil prices set to drop for a second week over US-China trade war
Oil prices were stable on Friday but on track for their second weekly loss in a row against a backdrop of investor concern over the burgeoning trade war between the United States and China.
The U.S. and China Are Going to Economic War—and Everyone Will Suffer
Untangling the two economies has profound implications for businesses and consumers in both countries, as well as the rest of the world.
Xi says China ‘not afraid’ in first public comment on escalating trade war with the US
Chinese leader Xi Jinping has said his nation is “not afraid” in his first public comments on the escalating trade war with the US that has tanked international markets and fueled fears of a global recession.
Israel’s army says it will fire air force reservists who condemned the war
Israel’s military says it will fire air force reservists who signed a letter condemning the war in Gaza and claiming it only serves political interests instead of bringing the hostages home.
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As the scope of an impending tariff war begins to take shape, local business owners in Austin fear the potential consequences for their businesses.
Japan’s biggest Yakuza crime group pledges to end decade-long gang war
Japan’s largest Yakuza crime syndicate has pledged to end its longstanding war with a rival faction and refrain from causing “trouble,” authorities said, as the mafia-like groups contend with falling membership and increased police crackdowns.
Dubai bourse eases amid US-China trade war; Abu Dhabi gains
Dubai's stock market slipped on Friday, weighed down by investor concerns over the rapidly intensifying U.S.-China trade war and its potential economic impact, although the Abu Dhabi index finished higher.
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