Trump threatens new 50% tariff on China
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It could take months for agreement on a meeting between President Trump and Xi Jinping, China’s top leader, as Chinese officials seek a scripted encounter.
From The New York Times
U.S. President Donald Trump said on Monday he will impose an additional 50% tariff on China if Beijing does not withdraw its retaliatory tariffs on the United States.
From Reuters
World leaders are now scrambling to respond, with some now negotiating with Trump to lower their rates.
From BBC
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Whether or not the United States can compete with China on China’s terms, the fundamental truth remains: In the struggle over who gets to set the rules of international competition, this round is over. And China won. Go ahead and give the full essay a read at the link, and let me know what you think.
The fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners.
The "second China shock" is fueled by fears that China's rising industrial prowess—particularly in electric vehicles, renewable energy, and high-end manufacturing—could threaten Western economies. This narrative often aligns with protectionist rhetoric, heightened geopolitical tensions, and a sense of industrial vulnerability in the West.
ASIAN economies, with real GDP growth projected to be 4.5 percent for 2025, will continue to play a crucial role in driving global economic stability and growth, said a report released on Tuesday at the Boao Forum for Asia Annual Conference 2025.
Aside from duty-, quota-free access, a range of other issues, including the Rohingya crisis, was also discussed
Amer Sayed, founder and CEO of Aviation Education Pathways, an aviation consultancy, told China Daily he is considering establishing a presence in China because he believes the market that connects aviation talents with training courses and industry opportunities is largely untapped.