The New York Times reported that China had suspended the export of rare earth minerals, magnets, and other products used by automakers and military contractors in response to President Donald Trump's tariffs against China. According to the report, China has halted exports as it develops a new regulatory framework requiring export licenses. According to the Times, China could … [Read more...] about China Suspends Rare Earth Shipments, Sending Shockwaves Through Tech Industry
Tariffs
China Hits Back: Tariffs on US Goods to Soar to 125%
China has announced that it will increase tariffs on U.S. products from 84% to 125% beginning Saturday. As U.S. President Donald Trump paused tariffs on other countries, the U.S. and China escalated their new trade war. China had notably said that it would fight American tariffs with its countermeasures. Trump's actions were called "economic bullying," which led Trump to … [Read more...] about China Hits Back: Tariffs on US Goods to Soar to 125%
Stocks Plunge Then Surge: Trade War Chaos Rattles Wall Street
Wall Street had an incredibly volatile day on Monday. It went from a 20% drop that dragged it below its previous record to a sharp rise. But then, the market reverted to losses, as concerns remain over whether Donald Trump's tariff war will undermine the global economy. S&P 500 gained 3.4% after a drop of 4.7% shortly after trading began. This would have been its best … [Read more...] about Stocks Plunge Then Surge: Trade War Chaos Rattles Wall Street
Trump Vows ‘Massive’ 50 Percent Tariff on China, Escalating Trade War
Donald Trump, President of the United States, threatened China with an additional 50% tariff on Monday after the Asian nation imposed 34% tariffs on U.S. imported goods. He made the threat in a Truth Social posting: China retaliated yesterday with a 34% increase in Tariffs. This is on top of the already high Tariffs they have, as well as their illegal Subsidization, … [Read more...] about Trump Vows ‘Massive’ 50 Percent Tariff on China, Escalating Trade War
China Announces Massive 34% Tariff Strike Against US, Deadline Set for April 10
China announced Friday a number of additional tariffs against U.S. products as a response to the sweeping tariffs that President Donald Trump imposed. The Finance Ministry announced that it would be imposing additional tariffs of 34 percent on all U.S. products starting April 10. Beijing has also announced that it will begin imposing export restrictions on medium and … [Read more...] about China Announces Massive 34% Tariff Strike Against US, Deadline Set for April 10