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US-China trade war escalates

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After confirming Thursday that he’d raised tariffs on Chinese imports to 145%, Trump insisted that his personal chemistry with President Xi Jinping would be decisive.
From CNN
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and r...
From Chicago Tribune
The trade war between the U.S. and China leaves significant uncertainty over oil demand growth with more risk to downside for prices, said Ashley Kelty, analyst at Panmure Liberum.
From Reuters

Read more on News Digest

A US-China trade war could be catastrophic. What is Trump’s endgame strategy?
The fast-worsening trade war between the United States and China — the planet’s premier geopolitical powers, whose economies are intricately entwined — threatens to wreak severe damage on both nations and will send shockwaves worldwide.
What exactly is a trade war and how big is the US-China one?
US President Donald Trump's tariff spree has sparked a trade war with China, setting the world's two biggest economies on a treacherous course. Other trade wars may follow. How is it likely to turn out?
Oil prices set to drop for a second week over US-China trade war
Oil prices were heading for their second straight weekly fall on Friday against a backdrop of investor concern over recession sparked by the burgeoning trade war between the United States and China. Brent crude futures were down 25 cents on the day,
China hits back at US and will raise tariffs on American goods from 84% to 125%
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets
Stocks Waver on Latest Escalation in U.S.-China Trade War
Beijing retaliated with higher tariffs on U.S. goods, a tit-for-tat move that intensified investors’ anxiety and rattled already shaky markets.
China to Cut U.S. Film Imports as Trade War Escalates
China will reduce the number of U.S. movies it imports amid the escalating trade war between the world’s two largest economies. China’s Film Administration said President Donald Trump’s tariffs would make Chinese consumers less inclined to watch Hollywood films.
Oil settles down over 3% as investors reassess Trump's tariff flip
Oil prices settled more than $2 per barrel lower on Thursday, wiping out the last session's rally, as investors reassessed a planned pause in sweeping U.S. tariffs and focus shifted to a deepening trade war between Washington and Beijing.
China lifts tariffs on US goods to 125% as trade war escalates
China said Friday it would raise its tariffs on US goods to 125 percent in a further escalation of a trade war that threatens to bring exports to a halt
Oil prices fall more than 2% as traders focus on escalating U.S.-China trade war
Trump’s decision to increase tariffs on China, the world’s second-largest economy and biggest crude importer, to an eye-watering 125% weighed on the market.
Tariff dispute distracts from mutual US-EU challenge: China
President Donald Trump’s suspension of most tariffs on European products and the European Union’s postponement of threatened retaliation has bought a three-month truce in a potential trans-Atlantic trade war.
China retaliates with 125 per cent tariffs against US imports, says more tariffs by Trump will be a joke
China has raised tariffs on US imports to 125%, retaliating against US tariffs and challenging Trump's trade policies, while still expressing willingness for dialogue.
'Not seeking trade imbalance': China releases white paper on trade with US
China has released a white paper outlining its stance on economic and trade relations with the United States, calling for cooperation while criticising Washington’s growing protectionist measures under President Donald Trump.
Trump tariffs lead to soaring tensions, risks for US, China
Economic tensions between the U.S. and China are soaring after President Trump raised tariffs on Chinese products to 125 percent on Wednesday and China retaliated by raising tariffs on U.S.
Live Updates: China Raises Tariffs on U.S. Imports to 125%
Beijing’s retaliation came after the White House raised its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.
China hits back at Trump tariffs, rattling confidence in US assets
STORY: China increased its tariffs on U.S. imports to 125% on Friday, hitting back against President Donald Trump's decision to raise duties on goods from the world’s second largest economy.This upped the stakes in a trade war that threatens to upend global supply chains.
US: Additional tariffs on China total 145%
US officials have issued a clarification about their trade dispute with China. After saying on Wednesday that they have imposed additional tariffs of 125 percent, they now say the figure is 145 percent.
China may weaponise service trade to hit back against US tariffs: commentators
Beijing could further restrict Hollywood films and target American law firms and consultancies, according to several influential commentators.
ARY News10h
US-China Trade tariff dispute trigger market instability in Japan
TOKYO: The ongoing US-China trade tariff dispute has sent shockwaves through Japanese markets, causing extreme instability and investor concerns. On
Did Call of Duty predict the US-China trade war 13 years early? Fans link Black Ops 2 plot to Trump-era dispute
Black Ops 2 eerily mirrors real-life 2025 tensions between the US and China. Gamers stunned to see Trump’s tariffs and China’s rare earth ban match the game’s storyline.
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