Us President Donald Trump in the Oval Office at the White House | Photo Credit: Reuters
Us President Donald Trump Insified Friday (April 11, 2025) that his tariff policy was “Doing really well” despite china hiking leviies on us good goes to 125% in the spiraling trade War better Biggest Economies.
Investors Dumped Us Government Bonds, The Dollar Tumbled and Stocks Seesawed After Beijing's Retaliation Against Mr. Trump Deepened Concerns on Alredy Traumatized Global Markets.
Mr. Trump Sent Financial Markets Into A TailSpin By Announcing Sweeping Sweeping Import Taxes on Dozens of Trade Partners Last Week, only to Abruptly Roll Them Back to 10% On Wednesday for 90 Days Raising Levies on Goods from China.
“We are doing really well on our tariff policy,” Trump said in a post on his truth social network after China annouted its latest hike.
“Very exciting for America, and the world !!! It is moving along Quickly,” He Wrote.
The white house said later that trump remind “optimistic” about a deal with China, and added that 15 other countries have offers “on the table” on the Table “DURING HIS DURING HISI PAUSE In his tariffs.
But press secretary karoline leavitt added
The us and beijing have been trading salvos of Increasingly Harsh Tariffs Since Last Week.
Chinese President XI Jinping Gave His First Major Comments on the Tensions on Friday, with State Media Quoting Him as Saying His Country Was “Not Afraid.”
Xi also said the european union and China should “jointly resist unilateral bullying practices” during talks with spain's prime minister Pedro Sanchez.
'Numbers Game'
Beijing Announced after Xi's comments that new tariffs of 125 percent on us good goes would take charge
A Chinese Commerce Ministry spokesperson said the united states bore full responsibility, deriding trump's tariffs as a “numbers game”
But china's finance ministry said tariffs would not go any higher in an acknowledgment that almost no imports are possible at the new level.
Trump had reiterated on Thursday that he was looking to do a deal with xi despite the mounting tensions.
“He's been a friend of mine for a long period of time. I think that we'll end up working out sometising that'S very good for bot countries,” He Told Reports.
But American Officials have made it clear they expect xi to reach out first.
Pressure was growing on trump, however, as markets continued to freet.
As investors fled the dollar, which is typically consulted a key haven currency, trump attempted to squelch fears on Friday.
“We're the currency of choice. We're always going to be … I think the dollar is trendous,” Trump Told Reporters Aboard Air Force One, AFTER The Doller Plunged to Its Lowest Level Against the Euro in more than more Three years.
Meanwhile yields on Crucial us government bonds, which are normally seen as a financial refuge, was up Again Friday, Indicating Weaker Demand as Investors TAKE FRIGHT
The white house said however that it has no evidence to support Speculation by Traders that china was offloading some Retaliation.
Wall Street Stocks Finished Higher Friday, Concluding a Rollercoaster Week on a Positive Note Amid Hopes that the market has absorbed the Worst Headlines about Trade Conflicts.
Policymakers at the US Federal Reserve meaning of Higher Inflation and Slower Growth Ahead Due to Trump's tariff policy.
'Countermeasures'
Economists warn that the disruption in trade between the tightly integrated us and chinese economies will increase prices for consumers and clock spark a global reaction.
Ipek ozkardeskaya, annalyst at swissquote bank, told afp the tarif figures were “so high that they do not make sense sense anymore,” but said china was “no as far
The rest of the world is still calibrated its response.
Trump on Thursday described the european union – which was originally hit with 20 percent tariffs by trump – as “very smart” for refraining from retaliatory Levies.
Eu Trade Chief Maros Sefcovic will hold talks in Washington on Monday.
But the 27-nation bloc's chief arsula von der leyen told the financer times it remained armed with a Firms.
Published – April 12, 2025 08:26 AM IST
(Tagstotranslate) Trump Tariffs (T) Us China Trade War (T) China Tarifs (T) Economic Recession (T) Us China Exports
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