The global tariff war has entered into a whole new phase. President Donald Trump has imposed tariffs on over 125% on Chinese imports, sharply escalating the tensions between the world's two largest economies. Now, Trump in fact took to his social media handle to announce his latest reversal. He blamed China for the recent global market rout that is now engaged in a direct confrontation with a critical trade partner.

US vs China: Global growth at risk as economic giants clash

US President Donald Trump says he 'can't imagine' increasing tariffs against China, shortly after his administration hiked duties on Beijing to 125 per cent. "I can't imagine it," he tells reporters at the White House, hours after the administration announced it was dropping tariffs on most nations to 10 per cent. Watch in for more details!

US-China war: China condemns 'bullying' as Trump's 104% tariffs kick in, vows resolute measures

Baba Vanga, the blind Bulgarian clairvoyant who supposedly foresaw several world events, predicted the economic state of the world in 2025. According to her, an economic disaster will strike the world this year. Amid Donald Trump's trade wars with other countries, it seems like Baba Vanga knew what she was talking about.&nbsp;
Since Trump announced huge tariffs on literally every country and landform, the markets have witnessed a bloodbath. Stock markets across the world tumbled on Monday amid fears of a global recession that was expected to be the worst one since 1987.
Also Read: <a href="https://www.wionews.com/india-news/donald-trump-tariffs-more-concerning-than-inflation-rbi-governor-sanjay-malhotra-us-reciprocal-tariffs-8943578" rel="dofollow noopener" target="_blank">Trump tariffs more concerning than inflation: RBI governor Sanjay Malhotra</a>
This happened after Trump slapped a baseline tariff of 10 per cent that went into effect on April 5. He called it a historic move and termed it "Liberation Day." Higher tariffs were imposed on goods entering the US from about 60 countries or trading blocs that have a high trade deficit with the US.&nbsp;
This meant that China was slapped with new duties of 34 per cent and the European Union with 20 per cent. A 25 per cent tariff was placed on goods from Mexico and Canada that don&rsquo;t comply with the United States-Mexico-Canada Agreement.
<h2>US-China engage in tariff war of their own</h2>
Trump's move led to retaliatory tariffs from China and the European Union. Beijing announced that it was imposing a 34 per cent tariff on American goods. This angered Trump, who threatened China with an additional 50 per cent in tariffs if the retaliatory tariffs weren't pulled back.
Also Read: <a href="https://www.wionews.com/world/china-not-backing-down-beijing-hits-back-at-us-with-84-tariffs-on-all-us-goods-from-april-10-after-trumps-104-duty-8943443" rel="dofollow noopener" target="_blank">Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty</a>
China refused to bow down, which led to the US adding 50 per cent more tariffs, taking the total to 104 per cent.
Beijing's finance ministry announced that it was hitting all American goods with 84 per cent tariffs starting from Thursday. It also added 12 US entities to the export control list and 6 US entities to the 'unreliable entity' list.
Also Read: <a href="https://www.wionews.com/world/donald-trump-slaps-104-percent-tariff-on-china-after-beijing-defies-ultimatum-8940740" rel="dofollow noopener" target="_blank">Trump slaps 104% tariff after Beijing defies ultimatum, says 'waiting for their call'</a>
The tariff game led to stock markets witnessing more upheaval, a roller-coaster ride that refuses to end. Billionaires lost trillions of dollars in the market due to the crash.&nbsp;
Now, Trump has put a 90-day pause on retaliatory tariffs on all countries willing to negotiate a trade deal, except China. He has instead pushed up the tariffs against China to 125 per cent, "starting immediately". Trump stressed that Beijing has shown a "lack of respect" to the world's markets.&nbsp;
<h2>Be cautious of market volatility, expert warns</h2>
The pause led to stock markets soaring once again. The US stock markets witnessed their biggest single-day move since 2008 on Wednesday.
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But experts have warned investors to be wary of market volatility. Andy Sieg, Citigroup's head of Global Wealth, told Bloomberg in an interview, "Don't chase this. Do not buy the dip."
<h2>Baba Vanga's Myanmar earthquake prophecy</h2>
Even though there is no official record of her prophecies, there are several people who believe in Baba Vanga. She is believed to have predicted events like 9/11 and Princess Diana's death.
Also Read: <a href="https://www.wionews.com/world/baba-vangas-prediction-for-earthquakes-in-2025-8915833" rel="dofollow noopener" target="_blank">One of Baba Vanga's prophecies for 2025 has come true. She also predicted a war with Martians</a>
For this year, the psychic forecasted "shattering earthquakes". A massive 7.7-magnitude quake hit Myanmar on March 28, killing over 2,700 people.&nbsp;
Her other predictions for 2025 include a war in Europe and an economic disaster. So it seems like her second prediction for this year is slowly moving towards becoming a reality.

Baba Vanga predicted economic disaster in 2025. Is the tariff war leading the world to it? She reportedly said 2025 would be the year humanity begins to decline. World Trending

Baba Vanga, the blind Bulgarian clairvoyant who supposedly foresaw several world events, predicted the economic state of the world in 2025. According to her, an economic disaster will strike the world this year. Amid Donald Trump's trade wars with other countries, it seems like Baba Vanga knew what she was talking about. Since Trump announced huge tariffs on literally every country and landform, the markets have witnessed a bloodbath. Stock markets across the world tumbled on Monday amid fears of a global recession that was expected to be the worst one since 1987. Also Read: Trump tariffs more concerning than inflation: RBI governor Sanjay Malhotra This happened after Trump slapped a baseline tariff of 10 per cent that went into effect on April 5. He called it a historic move and termed it "Liberation Day." Higher tariffs were imposed on goods entering the US from about 60 countries or trading blocs that have a high trade deficit with the US. This meant that China was slapped with new duties of 34 per cent and the European Union with 20 per cent. A 25 per cent tariff was placed on goods from Mexico and Canada that don’t comply with the United States-Mexico-Canada Agreement. US-China engage in tariff war of their own Trump's move led to retaliatory tariffs from China and the European Union. Beijing announced that it was imposing a 34 per cent tariff on American goods. This angered Trump, who threatened China with an additional 50 per cent in tariffs if the retaliatory tariffs weren't pulled back. Also Read: Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty China refused to bow down, which led to the US adding 50 per cent more tariffs, taking the total to 104 per cent. Beijing's finance ministry announced that it was hitting all American goods with 84 per cent tariffs starting from Thursday. It also added 12 US entities to the export control list and 6 US entities to the 'unreliable entity' list. Also Read: Trump slaps 104% tariff after Beijing defies ultimatum, says 'waiting for their call' The tariff game led to stock markets witnessing more upheaval, a roller-coaster ride that refuses to end. Billionaires lost trillions of dollars in the market due to the crash. Now, Trump has put a 90-day pause on retaliatory tariffs on all countries willing to negotiate a trade deal, except China. He has instead pushed up the tariffs against China to 125 per cent, "starting immediately". Trump stressed that Beijing has shown a "lack of respect" to the world's markets. Be cautious of market volatility, expert warns The pause led to stock markets soaring once again. The US stock markets witnessed their biggest single-day move since 2008 on Wednesday. But experts have warned investors to be wary of market volatility. Andy Sieg, Citigroup's head of Global Wealth, told Bloomberg in an interview, "Don't chase this. Do not buy the dip." Baba Vanga's Myanmar earthquake prophecy Even though there is no official record of her prophecies, there are several people who believe in Baba Vanga. She is believed to have predicted events like 9/11 and Princess Diana's death. Also Read: One of Baba Vanga's prophecies for 2025 has come true. She also predicted a war with Martians For this year, the psychic forecasted "shattering earthquakes". A massive 7.7-magnitude quake hit Myanmar on March 28, killing over 2,700 people. Her other predictions for 2025 include a war in Europe and an economic disaster. So it seems like her second prediction for this year is slowly moving towards becoming a reality.

Another one of Baba Vanga's prophecies might come true in 2025. Thanks to the tariff war

Chinese Ministry of Commerce spokesperson He Yongqian said on Thursday (Apr 10) that Beijing&rsquo;s door remains open for the talks, but threats and coercion are not the right way to deal with China.
&ldquo;China's position is clear and consistent. If the US wants to talk, our door remains open, but dialogue must be conducted on the basis of mutual respect and equality,&rdquo; he said during a regular press briefing.
Also read | <a href="https://www.wionews.com/autonews/china-and-eu-explore-closer-trade-ties-amid-us-tariff-pressure-8947374">China and EU explore closer trade ties amid US tariff pressure</a>
The spokesperson added, &ldquo;If the US wants to fight, our response will continue to the end. Pressure, threats, and coercion are not the right way to deal with China.&rdquo;
This comes amid the trade war waged by US President Donald Trump as the tension between the nations escalates.
Meanwhile, Chinese foreign ministry spokesperson Lin Jian said, &ldquo;The US cause doesn't win the support of the people and will end in failure.&rdquo;&nbsp;
Also read | <a href="https://www.wionews.com/world/china-shares-old-video-of-mao-zedong-amid-tariff-war-with-us-says-chinese-not-afraid-of-provocations-8947020">China shares old video of Mao Zedong amid tariff war with US, says "Chinese not afraid of provocations"</a>
&ldquo;China will not sit back and let the legitimate rights and interests of the Chinese people be deprived,&rdquo; Lin added.
<h2>US-China trade war</h2>
On Wednesday (Apr 9), Trump raised tariffs on China to 125 per cent &ldquo;starting immediately&rdquo; after Beijing refused to back down against his threats and &ldquo;blackmail&rdquo;.&nbsp;
China had raised its retaliatory levies to 84 per cent after the US imposed a 104 per cent tariff on Chinese goods on Tuesday (Apr 8).
Also read | <a href="https://www.wionews.com/world/us-china-falls-apart-beijing-issues-travel-warning-for-citizens-going-to-us-as-ties-deteriorate-amid-trumps-tariff-war-8944697">US-China falling apart? Beijing issues travel warning for citizens going to US as 'ties deteriorate' amid Trump's tariff war</a>
On the other hand, the US president has announced a &ldquo;90-day pause&rdquo; and a &ldquo;substantially lowered reciprocal tariff&rdquo; for over 75 nations that have sought negotiations with the Trump administration following the reciprocal tariffs imposed on April 2.
<h2>China to &lsquo;moderatey reduce&rsquo; US film imports</h2>
China's Film Administration said on Thursday (Apr 10) that it would &ldquo;moderately reduce&rdquo; the number of US films it imported into the country.
&ldquo;The wrong action of the US government's indiscriminate tariffs on China is bound to further reduce the favourable impression of domestic audiences on American films,&rdquo; a statement from the film administration said.
Also read | <a href="https://www.wionews.com/world/china-vows-to-fight-against-trumps-tariff-beijings-plan-to-ban-hollywood-movies-could-cost-us-millions-8939497">China vows to &lsquo;fight&rsquo; against Trump&rsquo;s tariff. Beijing&rsquo;s plan to ban Hollywood movies could cost US millions</a>
&ldquo;We will follow the law of the market, respect the choice of the audience, and moderately reduce the number of US films imported,&rdquo; the statement added.

World | The spokesperson added, “If the US wants to fight, our response will continue to the end. Pressure, threats, and coercion are not the right way to deal with China.”

Chinese Ministry of Commerce spokesperson He Yongqian said on Thursday (Apr 10) that Beijing’s door remains open for the talks, but threats and coercion are not the right way to deal with China. “China's position is clear and consistent. If the US wants to talk, our door remains open, but dialogue must be conducted on the basis of mutual respect and equality,” he said during a regular press briefing. Also read | China and EU explore closer trade ties amid US tariff pressure The spokesperson added, “If the US wants to fight, our response will continue to the end. Pressure, threats, and coercion are not the right way to deal with China.” This comes amid the trade war waged by US President Donald Trump as the tension between the nations escalates. Meanwhile, Chinese foreign ministry spokesperson Lin Jian said, “The US cause doesn't win the support of the people and will end in failure.” Also read | China shares old video of Mao Zedong amid tariff war with US, says "Chinese not afraid of provocations" “China will not sit back and let the legitimate rights and interests of the Chinese people be deprived,” Lin added. US-China trade war On Wednesday (Apr 9), Trump raised tariffs on China to 125 per cent “starting immediately” after Beijing refused to back down against his threats and “blackmail”. China had raised its retaliatory levies to 84 per cent after the US imposed a 104 per cent tariff on Chinese goods on Tuesday (Apr 8). Also read | US-China falling apart? Beijing issues travel warning for citizens going to US as 'ties deteriorate' amid Trump's tariff war On the other hand, the US president has announced a “90-day pause” and a “substantially lowered reciprocal tariff” for over 75 nations that have sought negotiations with the Trump administration following the reciprocal tariffs imposed on April 2. China to ‘moderatey reduce’ US film imports China's Film Administration said on Thursday (Apr 10) that it would “moderately reduce” the number of US films it imported into the country. “The wrong action of the US government's indiscriminate tariffs on China is bound to further reduce the favourable impression of domestic audiences on American films,” a statement from the film administration said. Also read | China vows to ‘fight’ against Trump’s tariff. Beijing’s plan to ban Hollywood movies could cost US millions “We will follow the law of the market, respect the choice of the audience, and moderately reduce the number of US films imported,” the statement added.

‘Threats, blackmail not right way to deal’: Beijing open for talks with US amid Trump tariff war

Microsoft has suddenly suspended services for several Chinese institutions, including a prominent university and a genomics firm, sparking concerns over intensifying US-China tech decoupling. The move signals deeper fractures in global tech ties and raises questions about the future of American firms operating in China.

Microsoft abruptly halts services for Chinese clients

Amid the ongoing tariff war between the United States and China and the relentless back-and-forth between the Donald Trump administration in the United States and Xi Jinping's government in China, a post on social media about the two leaders' zodiac sign has gone viral. An X user shared a post stating that both the leaders are Gemini and will engage in a &lsquo;tit for tat until the end of time&rsquo;.
Sharing a screenshot revealing Trump and Jinping's birthdays on June 14 and 15 respectively, the user concluded that they are both Gemini as per their zodiac sign. The user added that they won't stop till the end and Gemini means chaos.
Watch |<a href="https://www.wionews.com/videos/us-president-trump-announces-125-chinese-goods-90-day-pause-for-others-8945687" rel="dofollow">&nbsp;</a><a href="https://www.wionews.com/videos/us-president-trump-announces-125-chinese-goods-90-day-pause-for-others-8945687" rel="dofollow">US President Trump announces 125% Chinese goods, 90-day pause for others</a>
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THEY&rsquo;RE BOTH GEMINIS?!?! WE&rsquo;re FUCKED. they&rsquo;re going to match energy tit for tat until the end of time! <a href="https://t.co/uCL9kDk3xh">pic.twitter.com/uCL9kDk3xh</a>
&mdash; kemi (@kemimarie) <a href="https://twitter.com/kemimarie/status/1909947973879951485?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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<div class="byline-avatar">WION Explains | <a href="https://www.wionews.com/india-news/tahawwur-rana-from-2611-mumbai-terror-attacks-to-his-extradition-a-timeline-wion-explains-2008-mumbai-attack-pakistan-isi-david-coleman-headley-8946138" rel="dofollow">Tahawwur Rana: From 26/11 Mumbai terror attacks to his extradition - A timeline</a>&nbsp;</div>
</div>
</div>
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gemini 🤝🏾 chaos
&mdash; kemi (@kemimarie) <a href="https://twitter.com/kemimarie/status/1909948162732699799?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
Read More |&nbsp;<a href="https://www.wionews.com/world/trump-reveals-why-he-put-a-90-day-pause-on-tariffs-people-were-getting-yippie-markets-rebound-8945632" rel="dofollow noopener" target="_blank">Trump REVEALS why he put a 90-day pause on tariffs: 'People were getting yippie'</a>
<h2>Donald Trump's tariff war with China</h2>
China had a pre-existing 67 per cent tariff on US goods, while the US charged 10 per cent. However, on 'Liberation Day', US President Donald trump announced &lsquo;reciprocal tariffs&rsquo; and imposed 104 per cent tariffs on Chinese goods, China hit back with 84 per cent tariff as a retaliatory measure in place of 34 per cent that it had already announced.
On Apr 9, Trump paused tariffs for all countries for 90 days but increased China's tariff to 125%.
Previously, in February, US announced 10 per cent tariffs on China. Beijing retaliated with a 15 per cent tariff on US coal and liquefied natural gas products, and a 10 per cent tariff on crude oil, agricultural machinery, and large-displacement cars.
The US raised tariffs by another 10 per cent, bringing levies against Chinese imports to 20 per cent. China retaliated by imposing a 15 per cent tariff on US chicken, wheat, corn, and cotton, and a 10 per cent tariff on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.
Read More |&nbsp;<a href="https://www.wionews.com/world/military-action-against-iran-absolutely-possible-says-donald-trump-8945564" rel="noopener" target="_blank">Trump says military action against Iran 'absolutely' possible</a>&nbsp;
(With inputs from agencies)
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Trending, world | Amid the ongoing tariff war between the United States and China, a post on social media about Donald Trump and Xi Jinping's zodiac sign has gone viral

Amid the ongoing tariff war between the United States and China and the relentless back-and-forth between the Donald Trump administration in the United States and Xi Jinping's government in China, a post on social media about the two leaders' zodiac sign has gone viral. An X user shared a post stating that both the leaders are Gemini and will engage in a ‘tit for tat until the end of time’. Sharing a screenshot revealing Trump and Jinping's birthdays on June 14 and 15 respectively, the user concluded that they are both Gemini as per their zodiac sign. The user added that they won't stop till the end and Gemini means chaos. Watch | US President Trump announces 125% Chinese goods, 90-day pause for others THEY’RE BOTH GEMINIS?!?! WE’re FUCKED. they’re going to match energy tit for tat until the end of time! pic.twitter.com/uCL9kDk3xh — kemi (@kemimarie) April 9, 2025 WION Explains | Tahawwur Rana: From 26/11 Mumbai terror attacks to his extradition - A timeline gemini 🤝🏾 chaos — kemi (@kemimarie) April 9, 2025 Read More | Trump REVEALS why he put a 90-day pause on tariffs: 'People were getting yippie' Donald Trump's tariff war with China China had a pre-existing 67 per cent tariff on US goods, while the US charged 10 per cent. However, on 'Liberation Day', US President Donald trump announced ‘reciprocal tariffs’ and imposed 104 per cent tariffs on Chinese goods, China hit back with 84 per cent tariff as a retaliatory measure in place of 34 per cent that it had already announced. On Apr 9, Trump paused tariffs for all countries for 90 days but increased China's tariff to 125%. Previously, in February, US announced 10 per cent tariffs on China. Beijing retaliated with a 15 per cent tariff on US coal and liquefied natural gas products, and a 10 per cent tariff on crude oil, agricultural machinery, and large-displacement cars. The US raised tariffs by another 10 per cent, bringing levies against Chinese imports to 20 per cent. China retaliated by imposing a 15 per cent tariff on US chicken, wheat, corn, and cotton, and a 10 per cent tariff on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products. Read More | Trump says military action against Iran 'absolutely' possible (With inputs from agencies)

Amid tariff war, post on zodiac of Donald Trump-Xi Jinping viral: '...until the end of time'

The United States' Donald Trump has escalated the tariff war with China and also initiated a 90-day pause for other countries. He has intensified the tariff war with China. In a lengthy post on the social media platform Truth Social, Trump announced that tariffs on China have been increased to 125%. Watch in for more details!

US-China tariff war escalates, Trump orders 90-day pause for other countries

A humanoid robot recently took a journey to Lhasa's Potala Palace. The robot, equipped with cutting-edge AI, has not only become a major attraction for many but also serves as an example of a perfect blend between modern technology and ancient culture. Take a look.

China's humanoid robot takes a trip to Lhasa

The Panama Canal is now at the center of a new flashpoint between the U.S. and China. The Pentagon has issued a stark warning about Chinese influence, prompting an angry retort from Beijing. Here’s how the geopolitics are unfolding over one of the world’s most crucial waterways.

Pentagon flags "China threat" at Panama Canal, Beijing fires back

As Trump's trade war worsens with retaliatory <a href="https://www.wionews.com/india-news/trump-tariff-india-pharmaceutical-companies-in-trouble-trump-says-will-hike-tariff-on-pharma-imports-8944500">tariffs</a>, China on Wednesday issued a travel advisory, warning its citizens heading to the US to stay cautious and assess the risks of travelling to America.&nbsp;
China stressed that due to the deteriorating of China-US economic and trade relations, the Ministry of Culture and Tourism advised the citizens to stay cautious.
"Recently, due to the deterioration of China-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the risks of traveling to the United States and be cautious," the ministry said in a statement.
Also read: <a href="https://www.wionews.com/world/ripping-off-us-unacceptable-trump-hikes-china-tariffs-to-125-gives-90-day-pause-on-tariffs-for-countries-seeking-talks-8944620">'Ripping off US unacceptable': Trump hikes China tariffs to 125%, gives '90-day PAUSE' on tariffs for countries seeking talks</a>
Meanwhile, China's Ministry of Education also issued a warning for students who are considering studying in the US.&nbsp;
It urged the &nbsp;Chinese nationals to carefully assess safety risks and increase their awareness of potential challenges when selecting US states, particularly those affected by the new restrictions.
This comes amid US and China are involved in a high-stake trade war, which began when US President Donald Trump announced to impose of reciprocal tariffs on several nations on April 2.&nbsp;
Also read: <a href="https://www.wionews.com/world/american-youtuber-mr-beast-slams-trump-tariffs-says-cheaper-to-make-his-chocolates-abroad-8944665">American YouTuber Mr Beast slams Trump's tariffs, says 'Cheaper To Make His Chocolates Abroad'</a>
Following this, China also retaliated and imposed 34% tariffs on American goods. However, it did not stop there and Trump warned China to roll back its retaliatory tariffs or the US would respond with an additional 50% tariff.&nbsp;
On Tuesday, the US President slapped a 104% tariff on Chinese goods starting from Wednesday.&nbsp;
China then hit back at the United States on Wednesday (April 9), with 84% tariffs on all American goods starting from Thursday, Beijing's finance ministry announced.&nbsp;
Today, Trump raised the tariff on China to 125% effective immediately.
Also read: <a href="https://www.wionews.com/world/squeeze-chinese-heads-into-wall-now-kevin-oleary-urges-trump-to-slap-china-with-400-tariffs-to-make-them-negotiate-8944273">'Squeeze Chinese heads into wall now': Kevin O'Leary urges Trump to slap China with '400% tariffs' to make them negotiate</a>
(With inputs from agencies)

World: China stressed that due to the deteriorating of China-US economic and trade relations, the Ministry of Culture and Tourism advised the citizens to stay cautious.

As Trump's trade war worsens with retaliatory tariffs, China on Wednesday issued a travel advisory, warning its citizens heading to the US to stay cautious and assess the risks of travelling to America. China stressed that due to the deteriorating of China-US economic and trade relations, the Ministry of Culture and Tourism advised the citizens to stay cautious. "Recently, due to the deterioration of China-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the risks of traveling to the United States and be cautious," the ministry said in a statement. Also read: 'Ripping off US unacceptable': Trump hikes China tariffs to 125%, gives '90-day PAUSE' on tariffs for countries seeking talks Meanwhile, China's Ministry of Education also issued a warning for students who are considering studying in the US. It urged the Chinese nationals to carefully assess safety risks and increase their awareness of potential challenges when selecting US states, particularly those affected by the new restrictions. This comes amid US and China are involved in a high-stake trade war, which began when US President Donald Trump announced to impose of reciprocal tariffs on several nations on April 2. Also read: American YouTuber Mr Beast slams Trump's tariffs, says 'Cheaper To Make His Chocolates Abroad' Following this, China also retaliated and imposed 34% tariffs on American goods. However, it did not stop there and Trump warned China to roll back its retaliatory tariffs or the US would respond with an additional 50% tariff. On Tuesday, the US President slapped a 104% tariff on Chinese goods starting from Wednesday. China then hit back at the United States on Wednesday (April 9), with 84% tariffs on all American goods starting from Thursday, Beijing's finance ministry announced. Today, Trump raised the tariff on China to 125% effective immediately. Also read: 'Squeeze Chinese heads into wall now': Kevin O'Leary urges Trump to slap China with '400% tariffs' to make them negotiate (With inputs from agencies)

US-China falling apart? Beijing issues travel warning for citizens going to US as 'ties deteriorate' amid Trump's tariff war

As Elon Musk, the richest man, sees a decline of $135 billion to his net worth, Amazon founder Jeff Bezos' fortune has also declined by $43 billion. ByteDance co-founder Zhang Yiming is adding to his riches, accounting for about a $14 billion increase to his net worth since the beginning of this year, which is a 31% hike. He is currently at $57.5 billion.
The 41-year-old software engineer has leaped ahead of Tencent founder and CEO Pony Ma, becoming China's richest person. Ma's net worth of $56.5 billion has pushed him behind, according to the Bloomberg Billionaires Index. Yiming is now the third-richest person in Asia.
Also read: <a href="https://www.wionews.com/world/top-10-world-news-china-eu-slaps-us-with-retaliatory-tariffs-tahawwur-rana-to-land-in-india-tomorrow-and-more-8944459">Top 10 world news: China, EU slaps US with retaliatory tariffs; Tahawwur Rana to land in India tomorrow, and more</a>
The TikTok founder's net worth has increased by $10 billion after it analysed &ldquo;the valuations from investors BlackRock Inc., Fidelity Investments and T. Rowe Price Group Inc. and the company&rsquo;s plans to buy back employee stock at a valuation of $312 billion," as reported in the Bloomberg report.
<h2>Who is Zhang Yiming?</h2>
This is viewed as a massive comeback by Yiming, as ByteDance's TikTok faced backlash from countries across the world, which led to the banning of the app. India, US, UK, Nepal, Netherlands and many other countries banned the video sharing app. This in turn brought not only bad publicity but also financial losses.
Also read: <a href="https://www.wionews.com/world/squeeze-chinese-heads-into-wall-now-kevin-oleary-urges-trump-to-slap-china-with-400-tariffs-to-make-them-negotiate-8944273">'Squeeze Chinese heads into wall now': Kevin O'Leary urges Trump to slap China with '400% tariffs' to make them negotiate</a>
The Beijing-based company ByteDance was founded in the year 2012; back in the day, it was in the confines of a four-bedroom apartment. It is the parent company of both social media app TikTok and news aggregator platform Toutiao. Yiming studied at Nankai University in Tianjin, where he majored in microelectronics engineering and software engineering.
&nbsp;

ByteDance co-founder Zhang Yiming is adding to his riches, accounting for about a $14 billion increase to his net worth since the beginning of this year, which is a 31% hike. He is currently at $57.5 billion. World

As Elon Musk, the richest man, sees a decline of $135 billion to his net worth, Amazon founder Jeff Bezos' fortune has also declined by $43 billion. ByteDance co-founder Zhang Yiming is adding to his riches, accounting for about a $14 billion increase to his net worth since the beginning of this year, which is a 31% hike. He is currently at $57.5 billion. The 41-year-old software engineer has leaped ahead of Tencent founder and CEO Pony Ma, becoming China's richest person. Ma's net worth of $56.5 billion has pushed him behind, according to the Bloomberg Billionaires Index. Yiming is now the third-richest person in Asia. Also read: Top 10 world news: China, EU slaps US with retaliatory tariffs; Tahawwur Rana to land in India tomorrow, and more The TikTok founder's net worth has increased by $10 billion after it analysed “the valuations from investors BlackRock Inc., Fidelity Investments and T. Rowe Price Group Inc. and the company’s plans to buy back employee stock at a valuation of $312 billion," as reported in the Bloomberg report. Who is Zhang Yiming? This is viewed as a massive comeback by Yiming, as ByteDance's TikTok faced backlash from countries across the world, which led to the banning of the app. India, US, UK, Nepal, Netherlands and many other countries banned the video sharing app. This in turn brought not only bad publicity but also financial losses. Also read: 'Squeeze Chinese heads into wall now': Kevin O'Leary urges Trump to slap China with '400% tariffs' to make them negotiate The Beijing-based company ByteDance was founded in the year 2012; back in the day, it was in the confines of a four-bedroom apartment. It is the parent company of both social media app TikTok and news aggregator platform Toutiao. Yiming studied at Nankai University in Tianjin, where he majored in microelectronics engineering and software engineering.

Who is Zhang Yiming? TikTok co-founder becomes richest person in China

China has hit back at the United States with 84 per cent tariffs on all American goods.
In other news, Tahawwur Rana, 26/11 Mumbai terror attacks key accused, to set to land in India tomorrow (Apr 10) after being extradited from the US.
Meanwhile, the European Union has announced retaliatory tariffs on US goods worth $23.2 billion as the trade war waged by US President Donald Trump escalates.
Click on the headlines for more
<a href="https://www.wionews.com/world/china-not-backing-down-beijing-hits-back-at-us-with-84-tariffs-on-all-us-goods-from-april-10-after-trumps-104-duty-8943443">China not backing down! Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty</a>
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China hits back at the United States on Wednesday (April 9), with 84% tariffs on all American goods starting from Thursday, Beijing's finance ministry announced.&nbsp;
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Tahawwur Rana, the 26/11 Mumbai terror attacks key accused, has been extradited from the United States. He is set to land in India on Thursday (Apr 10) after exhausting all legal options in the US justice system to evade Indian authorities.
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The European Union on Wednesday (Apr 9) has approved retaliatory tariffs on a wide range of US goods in response to the 25 per cent duties imposed by US President Donald Trump last month on the bloc&rsquo;s steel and aluminium exports. The levies will hit around $23.2 billion worth of American goods.
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Valerii Zaluzhnyi, former commander-in-chief and current ambassador to the UK revealed the US-Ukrainian military headquarters in Germany, calling it a "secret weapon" for planning military operations during the war with Russia.
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As Trump's tariffs are affecting the world's economy at large, China has turned all friendly towards India, stressing that the two "largest developing" countries should "stand together" to overcome the difficulties brought by the ongoing trade war.&nbsp;
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US President Donald Trump on Wednesday (April 9) called on companies to move to the United States of America, saying that it is a "GREAT time", and offering "ZERO TARIFFS".&nbsp;
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China&rsquo;s top leaders are expected to meet as soon as Wednesday (Apr 9) to discuss measures to boost the economy and stabilise capital markets amid escalations in the trade war with the United States, Reuters reported, citing people familiar with the matter.
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Russia has invited Indian Prime Minister Narendra Modi to attend the May 9 Victory Day celebrations in Moscow, marking the 80th anniversary of Soviet victory over Germany in World War II, Deputy Foreign Minister Andrey Rudenko said.
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Upcoming Hindi film Phule, featuring Pratik Gandhi and Patralekha has run into troubled waters days ahead of its scheduled release. Gandhi plays reformer Mahatma Phule while Patralekha plays Savitribai Phule in the film directed by Ananth Mahadevan. The film&rsquo;s trailer has sparked row with certain Brahmin groups objecting to certain portions of the film. The film has been postponed from its sceheduled April 11 release and CBFC has demanded certain cuts in the film before clearing it.&nbsp;
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The Indian Premier League is far more than just another cricket tournament; it is a festival at this point. It integrates top-tier cricket, captivating spectacles, and a level of passion from fans unlike any other. What sets the IPL apart are the unparalleled cheers of supporters, the excitement, and their deep emotional attachment to the tournament. But amongst all this thrill, there is an important question we need to ponder: Are we providing the right amount of space and regard to cricketers?

Stay ahead of global events with our top stories that matter. Delve into diverse topics and uncover the developments impacting the international landscape today.

China has hit back at the United States with 84 per cent tariffs on all American goods. In other news, Tahawwur Rana, 26/11 Mumbai terror attacks key accused, to set to land in India tomorrow (Apr 10) after being extradited from the US. Meanwhile, the European Union has announced retaliatory tariffs on US goods worth $23.2 billion as the trade war waged by US President Donald Trump escalates. Click on the headlines for more China not backing down! Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty China hits back at the United States on Wednesday (April 9), with 84% tariffs on all American goods starting from Thursday, Beijing's finance ministry announced. Tahawwur Rana, 26/11 Mumbai terror attacks key accused, to land in India tomorrow Tahawwur Rana, the 26/11 Mumbai terror attacks key accused, has been extradited from the United States. He is set to land in India on Thursday (Apr 10) after exhausting all legal options in the US justice system to evade Indian authorities. EU hits back at Trump with retaliatory tariffs on US goods worth $23.2 billion as trade war escalates The European Union on Wednesday (Apr 9) has approved retaliatory tariffs on a wide range of US goods in response to the 25 per cent duties imposed by US President Donald Trump last month on the bloc’s steel and aluminium exports. The levies will hit around $23.2 billion worth of American goods. 'US-Ukraine Secret Weapon': How Kyiv, Washington planned operations against Russia at 'hidden' military HQ in Germany? Valerii Zaluzhnyi, former commander-in-chief and current ambassador to the UK revealed the US-Ukrainian military headquarters in Germany, calling it a "secret weapon" for planning military operations during the war with Russia. China trying to be friends with India again? Beijing asks India to 'stand together' amid Trump's tariffs As Trump's tariffs are affecting the world's economy at large, China has turned all friendly towards India, stressing that the two "largest developing" countries should "stand together" to overcome the difficulties brought by the ongoing trade war. 'DO IT NOW': Trump calls on companies to move to US, offers them 'ZERO TARIFFS' and quick approvals US President Donald Trump on Wednesday (April 9) called on companies to move to the United States of America, saying that it is a "GREAT time", and offering "ZERO TARIFFS". Top Chinese leaders to meet to discuss support measures amid trade war with US – Report China’s top leaders are expected to meet as soon as Wednesday (Apr 9) to discuss measures to boost the economy and stabilise capital markets amid escalations in the trade war with the United States, Reuters reported, citing people familiar with the matter. Russia invites Indian PM Modi to attend 80th ‘Victory Day’ parade marking end of WW2 Russia has invited Indian Prime Minister Narendra Modi to attend the May 9 Victory Day celebrations in Moscow, marking the 80th anniversary of Soviet victory over Germany in World War II, Deputy Foreign Minister Andrey Rudenko said. Phule release postponed amid backlash from Brahmin groups: Know all about the controversy Upcoming Hindi film Phule, featuring Pratik Gandhi and Patralekha has run into troubled waters days ahead of its scheduled release. Gandhi plays reformer Mahatma Phule while Patralekha plays Savitribai Phule in the film directed by Ananth Mahadevan. The film’s trailer has sparked row with certain Brahmin groups objecting to certain portions of the film. The film has been postponed from its sceheduled April 11 release and CBFC has demanded certain cuts in the film before clearing it. IPL 2025 | In the name of fans: Why we must respect cricketers' personal space The Indian Premier League is far more than just another cricket tournament; it is a festival at this point. It integrates top-tier cricket, captivating spectacles, and a level of passion from fans unlike any other. What sets the IPL apart are the unparalleled cheers of supporters, the excitement, and their deep emotional attachment to the tournament. But amongst all this thrill, there is an important question we need to ponder: Are we providing the right amount of space and regard to cricketers?

Top 10 world news: China, EU slaps US with retaliatory tariffs; Tahawwur Rana to land in India tomorrow, and more

As Trump's tariffs are affecting the world's economy at large, China has turned all friendly towards India, stressing that the two "largest developing" countries should "stand together" to overcome the difficulties brought by the ongoing trade war.&nbsp;
Spokesperson for the Chinese embassy in India said that China-India economic and trade relationship is based on complimentarity and mutual benefit.
"Facing the U.S. abuse of tariffs, which deprives countries, especially Global South countries, of their right to development, the two largest developing countries should stand together to overcome the difficulties," Spokesperson Yu Jing said in a post on X.&nbsp;
Also read: <a href="https://www.wionews.com/world/donald-trump-slaps-104-percent-tariff-on-china-after-beijing-defies-ultimatum-8940740">&lsquo;China wants a deal, badly&rsquo;: Trump slaps 104% tariff after Beijing defies ultimatum, says 'waiting for their call'</a>
<blockquote class="twitter-tweet">
China's economy is underpinned by a system that ensures steady growth, and produces positive spillovers. Chinese manufacturing is built on a complete and continually upgrading industrial system, sustained investment in R&amp;D, and a strong focus on innovation. China is a firm&hellip; <a href="https://t.co/w3QuSCingL">pic.twitter.com/w3QuSCingL</a>
&mdash; Yu Jing (@ChinaSpox_India) <a href="https://twitter.com/ChinaSpox_India/status/1909611508582985963?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote>
She further stressed that China's economy is underpinned by a system that ensures steady growth, and produces positive spillovers, adding that the country is a firm "defender of economic globalization and multilateralism, which has injected strong impetus into the world economy, contributing to around 30 percent of global growth annually on average."
She asserted that Beijing will continue working with the rest of the world to safeguard the multilateral trade system with the World Trade Organization (WTO) at its core.
Also read: <a href="https://www.wionews.com/world/trump-mocks-world-leaders-claims-countries-are-calling-us-up-kissing-my-ass-to-negotiate-tariffs-8941777">Trump mocks world leaders, claims 'countries are calling us up, kissing my a**,' to negotiate tariffs</a>
Stressing that "trade and tariff wars have no winner", she said that all countries should uphold the principles of extensive consultation, practice true multilateralism, and jointly oppose all forms of unilateralism and protectionism.
This comes amid US President Donald Trump slapped a 104% tariff on Chinese goods starting from 12:01 AM Eastern Time (12:01 PM Beijing time) on Wednesday.&nbsp;
The move comes after China failed to remove its retaliatory tariffs on American products before a deadline set by Donald Trump for noon on Tuesday.
Also read: <a href="https://www.wionews.com/world/senators-grill-trumps-trade-chief-as-tariffs-spark-backlash-8940777">&lsquo;Whose throat do I choke if this fails?&rsquo;: Senators grill Trump&rsquo;s trade chief as tariffs spark backlash</a>
On Tuesday, Trump posted on his Truth Social account, mentioning China, saying he is waiting for them to reach out. &ldquo;China also wants to make a deal, badly, but they don&rsquo;t know how to get it started. We are waiting for their call. It will happen!&rdquo; he wrote.
In another Truth Social post from Monday, Trump had warned that if China did not roll back what he described as a &ldquo;34% increase above their already long term trading abuses&rdquo; by April 8, the US would respond with an additional 50% tariff, effective from April 9.
China further responded, saying that it would not give in to the US pressure.&nbsp;
Also read: <a href="https://www.wionews.com/world/why-indian-students-in-trumps-us-are-facing-deportation-drunk-driving-shoplifting-speeding-8941370">Why Indian students in Trump's US facing deportation: 'Drunk driving, shoplifting, speeding'</a>
(With inputs from agencies)

World, india news: Spokesperson for the Chinese embassy in India said that China-India economic and trade relationship is based on complimentarity and mutual benefit.

As Trump's tariffs are affecting the world's economy at large, China has turned all friendly towards India, stressing that the two "largest developing" countries should "stand together" to overcome the difficulties brought by the ongoing trade war. Spokesperson for the Chinese embassy in India said that China-India economic and trade relationship is based on complimentarity and mutual benefit. "Facing the U.S. abuse of tariffs, which deprives countries, especially Global South countries, of their right to development, the two largest developing countries should stand together to overcome the difficulties," Spokesperson Yu Jing said in a post on X. Also read: ‘China wants a deal, badly’: Trump slaps 104% tariff after Beijing defies ultimatum, says 'waiting for their call' China's economy is underpinned by a system that ensures steady growth, and produces positive spillovers. Chinese manufacturing is built on a complete and continually upgrading industrial system, sustained investment in R&D, and a strong focus on innovation. China is a firm… pic.twitter.com/w3QuSCingL — Yu Jing (@ChinaSpox_India) April 8, 2025 She further stressed that China's economy is underpinned by a system that ensures steady growth, and produces positive spillovers, adding that the country is a firm "defender of economic globalization and multilateralism, which has injected strong impetus into the world economy, contributing to around 30 percent of global growth annually on average." She asserted that Beijing will continue working with the rest of the world to safeguard the multilateral trade system with the World Trade Organization (WTO) at its core. Also read: Trump mocks world leaders, claims 'countries are calling us up, kissing my a**,' to negotiate tariffs Stressing that "trade and tariff wars have no winner", she said that all countries should uphold the principles of extensive consultation, practice true multilateralism, and jointly oppose all forms of unilateralism and protectionism. This comes amid US President Donald Trump slapped a 104% tariff on Chinese goods starting from 12:01 AM Eastern Time (12:01 PM Beijing time) on Wednesday. The move comes after China failed to remove its retaliatory tariffs on American products before a deadline set by Donald Trump for noon on Tuesday. Also read: ‘Whose throat do I choke if this fails?’: Senators grill Trump’s trade chief as tariffs spark backlash On Tuesday, Trump posted on his Truth Social account, mentioning China, saying he is waiting for them to reach out. “China also wants to make a deal, badly, but they don’t know how to get it started. We are waiting for their call. It will happen!” he wrote. In another Truth Social post from Monday, Trump had warned that if China did not roll back what he described as a “34% increase above their already long term trading abuses” by April 8, the US would respond with an additional 50% tariff, effective from April 9. China further responded, saying that it would not give in to the US pressure. Also read: Why Indian students in Trump's US facing deportation: 'Drunk driving, shoplifting, speeding' (With inputs from agencies)

China trying to be friends with India again? Beijing asks India to 'stand together' amid Trump's tariffs

During his visit to Panama, US Defense Secretary Pete Hegseth labeled China a growing threat to the Panama Canal. He emphasized that the US will not allow Beijing to disrupt operations of this vital global trade route. China, in response, urged Washington to stop what it calls “blackmail” against Panama.

China Refutes Pete Hegseth's Claim That It Interferes In Operations

President Trump has raised tariffs on Chinese imports to a staggering 104%, escalating the US-China trade war. With Beijing pushing back and nearly 70 countries seeking tailored trade deals, the White House insists tariffs are already delivering results.

Trade war: Nearly 70 countries have reached out for tariff deals: White House

Trade war: Trump ratchets up tariffs on Chinese goods after Beijing's pushback

Trade war: President Trump hikes China tariffs to 104% amid global trade tensions

As tensions rise over a potential Chinese attack on Taiwan, the United States military is preparing to station multiple long-range surveillance drones in Japan's Okinawa prefecture, A strategically important region Close to Taiwan. This deployment is part of a broader move by Washington and its allies to push back against the growing presence of Chinese drones in the region.

US places anti-China spy drones in Japan's Okinawa amid Taiwan tensions

#Gravitas U.S. President Donald Trump is threatening an additional 50% tariff on Chinese imports unless Beijing backs down from its own retaliatory measures. In return, China is promising to “fight to the end.”

Trump dares China, Beijing vows to fight 'till the end'

The United States will slap a 104% tariff on Chinese goods starting from 12:01 AM Eastern Time (12:01 PM Beijing time) on Wednesday, according to a White House official. The move comes after China failed to remove its retaliatory tariffs on American products before a deadline set by Donald Trump for noon on Tuesday.
White House press secretary Karoline Leavitt said Donald Trump is taking a &ldquo;custom, tailor-made&rdquo; approach to trade with each country. That could include talks around military presence or foreign aid, depending on America&rsquo;s priorities.
&ldquo;Negotiations will be based on America&rsquo;s needs,&rdquo; she said.
Also read: <a href="https://www.wionews.com/world/how-donald-trumps-trade-war-with-china-could-cost-him-his-dream-toy-a-jet-thats-named-after-him-8940455" rel="dofollow noopener" target="_blank">How Trump&rsquo;s trade war with China could cost him his dream toy: A jet that's&nbsp;named&nbsp;after&nbsp;him</a>
<h2>70 countries have contacted the US to begin trade discussions</h2>
Leavitt revealed that around 70 countries have contacted the US to begin trade discussions. &ldquo;Countries are falling over themselves to reform their unfair trade,&rdquo; she added. 
&ldquo;These countries greatly respect President Trump in the sheer power of the American market. These countries realise they've gotten filthy rich by imposing substantial tariffs on American-made products,&rdquo; she said.
She also described Trump as having a &ldquo;spine of steel&rdquo; and insisted he would not back down in the face of retaliatory tariffs, including those from China.
Also read: <a href="https://www.wionews.com/world/china-vows-to-fight-against-trumps-tariff-beijings-plan-to-ban-hollywood-movies-could-cost-us-millions-8939497" rel="dofollow noopener" target="_blank">China vows to &lsquo;fight&rsquo; against Trump&rsquo;s tariff. Beijing&rsquo;s plan to ban Hollywood movies could cost US millions</a>
<h2>'China also wants to make a deal, badly': Trump</h2>
On Tuesday, Trump posted on his Truth Social account about a phone call with South Korea&rsquo;s acting president. He ended the post by mentioning China, saying he is waiting for them to reach out. &ldquo;China also wants to make a deal, badly, but they don&rsquo;t know how to get it started. We are waiting for their call. It will happen!&rdquo; he wrote.
In another Truth Social post from Monday, Trump had warned that if China did not roll back what he described as a &ldquo;34% increase above their already long term trading abuses&rdquo; by April 8, the US would respond with an additional 50% tariff, effective from April 9. He also said talks with China would be cancelled, and the US would immediately begin negotiations with other countries that had requested meetings.
&ldquo;Thank you for your attention to this matter!&rdquo; Trump added.
Also read: <a href="https://www.wionews.com/world/how-china-is-going-to-respond-ukraine-captures-chinese-soldiers-fighting-for-russia-zelensky-demands-answers-from-beijing-8940001" rel="dofollow noopener" target="_blank">'How is China going to respond?': Ukraine captures Chinese soldiers fighting for Russia; Zelensky demands answers from Beijing</a>
In response, China&rsquo;s US embassy said it would not give in to pressure. &ldquo;We have stressed more than once that pressuring or threatening China is not a right way to engage with us. China will firmly safeguard its legitimate rights and interests,&rdquo; said embassy spokesman Liu Pengyu, speaking to Agence France-Presse.
(With inputs from agencies)

World: White House press secretary Karoline Leavitt said Donald Trump is taking a “custom, tailor-made” approach to trade with each country.

The United States will slap a 104% tariff on Chinese goods starting from 12:01 AM Eastern Time (12:01 PM Beijing time) on Wednesday, according to a White House official. The move comes after China failed to remove its retaliatory tariffs on American products before a deadline set by Donald Trump for noon on Tuesday. White House press secretary Karoline Leavitt said Donald Trump is taking a “custom, tailor-made” approach to trade with each country. That could include talks around military presence or foreign aid, depending on America’s priorities. “Negotiations will be based on America’s needs,” she said. Also read: How Trump’s trade war with China could cost him his dream toy: A jet that's named after him 70 countries have contacted the US to begin trade discussions Leavitt revealed that around 70 countries have contacted the US to begin trade discussions. “Countries are falling over themselves to reform their unfair trade,” she added. “These countries greatly respect President Trump in the sheer power of the American market. These countries realise they've gotten filthy rich by imposing substantial tariffs on American-made products,” she said. She also described Trump as having a “spine of steel” and insisted he would not back down in the face of retaliatory tariffs, including those from China. Also read: China vows to ‘fight’ against Trump’s tariff. Beijing’s plan to ban Hollywood movies could cost US millions 'China also wants to make a deal, badly': Trump On Tuesday, Trump posted on his Truth Social account about a phone call with South Korea’s acting president. He ended the post by mentioning China, saying he is waiting for them to reach out. “China also wants to make a deal, badly, but they don’t know how to get it started. We are waiting for their call. It will happen!” he wrote. In another Truth Social post from Monday, Trump had warned that if China did not roll back what he described as a “34% increase above their already long term trading abuses” by April 8, the US would respond with an additional 50% tariff, effective from April 9. He also said talks with China would be cancelled, and the US would immediately begin negotiations with other countries that had requested meetings. “Thank you for your attention to this matter!” Trump added. Also read: 'How is China going to respond?': Ukraine captures Chinese soldiers fighting for Russia; Zelensky demands answers from Beijing In response, China’s US embassy said it would not give in to pressure. “We have stressed more than once that pressuring or threatening China is not a right way to engage with us. China will firmly safeguard its legitimate rights and interests,” said embassy spokesman Liu Pengyu, speaking to Agence France-Presse. (With inputs from agencies)

‘China wants a deal, badly’: Trump slaps 104% tariff after Beijing defies ultimatum, says 'waiting for their call'

In a shocking announcement, Ukrainian President Volodymyr Zelensky revealed that Ukrainian forces captured two Chinese men fighting alongside Russia in eastern Ukraine. Zelensky also stated that Kyiv has "information" suggesting that many more Chinese nationals may be participating in Russia's conflict. Kyiv has reportedly reached out to Beijing for a response.

Chinese soldiers join Putin's war amid Ukraine's shock offensive in Belgorod

A deepening trade row with China could cost US President <a href="https://www.wionews.com/india-news/blame-china-not-trump-piyush-goyal-says-beijings-malpractices-created-trade-imbalance-8940424">Donald Trump</a> more than he expected; it might threaten his dream aircraft, the F-47 fighter jet that's named after him.
<h2>Beijing hits back with rare earth restrictions</h2>
In response to Trump&rsquo;s decision to raise tariffs on most Chinese imports to 54%, Beijing has imposed new export controls on rare earth elements and key finished products. These materials are vital for advanced electronics, especially in military aircraft.
The move could deal a blow to the US defence industry, just weeks after Trump announced that Boeing had won the contract to build the F-47, a new fighter jet designed to replace the F-22 Raptor and form the core of the US Air Force&rsquo;s future fleet.
Also read: <a href="https://www.wionews.com/world/elon-musk-calls-trump-trade-adviser-navarro-dumber-than-a-sack-of-bricks-in-over-tariff-clash-8940303" rel="dofollow noopener" target="_blank">'Truly a moron': Musk calls Trump trade adviser Navarro &lsquo;dumber than a sack of bricks&rsquo; in clash over tariff</a>
<h2>Rare Earths: The hidden weak spot</h2>
China controls around 90% of global rare earth production. These 17 elements are used in a range of industries, including defence, energy, electric vehicles, and electronics. For defence specifically, around 5% of US rare earth usage supports applications like radars, electric motors, and targeting systems.
The F-35 stealth jet, for example, needs about 920 pounds of rare earth materials per aircraft. These are essential in its advanced avionics, radar and flight control systems. The same will likely apply to the F-47.
Also read: <a href="https://www.wionews.com/world/elon-musk-calls-trump-trade-adviser-navarro-dumber-than-a-sack-of-bricks-in-over-tariff-clash-8940303" rel="dofollow noopener" target="_blank">'Truly a moron': Musk calls Trump trade adviser Navarro &lsquo;dumber than a sack of bricks&rsquo; in clash over tariff</a>
<h2>What&rsquo;s being restricted?</h2>
China&rsquo;s new rules apply to seven types of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. The controls also cover finished goods such as permanent magnets.
Other strategic metals such as tungsten, tellurium, bismuth, molybdenum, and indium are also under export restrictions, according to the state-run Global Times.
Yttrium, in particular, is key for jet engine coatings, high-frequency radar, and lasers. It helps create thermal barriers on turbine blades, preventing engines from overheating during flight.
Although these measures are not a full ban, they limit export licenses, potentially creating shortages for US manufacturers who rely heavily on Chinese suppliers.
Industry insiders told Reuters that some US aerospace manufacturers are entirely dependent on Chinese sources for rare earths used in avionics. With China able to tighten supply at will, companies may struggle to find alternatives quickly.
Also read: <a href="https://www.wionews.com/world/things-are-looking-good-trump-holds-call-with-south-koreas-acting-president-8940115" rel="dofollow noopener" target="_blank">&lsquo;Things are looking good&rsquo;: Trump holds phone call with South Korea's acting president</a>
SFA Oxford, a metals consultancy, warned, &ldquo;As the United States accelerates development under the Next Generation Air Dominance (NGAD) program, securing access to these critical inputs is now as essential to national reason as the platforms themselves.&rdquo;
<h2>What is China saying?</h2>
China&rsquo;s Ministry of Commerce defended the decision, saying, &ldquo;The Chinese government has implemented export controls on relevant items in accordance with the law in order to better safeguard national security and interests and fulfil international obligations such as non-proliferation.&rdquo;
This response shows that China is prepared to use its dominance in the rare earths market as a geopolitical tool, especially in the face of Trump&rsquo;s aggressive tariff policies.
Also read: <a href="https://www.wionews.com/world/how-china-is-going-to-respond-ukraine-captures-chinese-soldiers-fighting-for-russia-zelensky-demands-answers-from-beijing-8940001" rel="dofollow noopener" target="_blank">'How is China going to respond?': Ukraine captures Chinese soldiers fighting for Russia; Zelensky demands answers from Beijing</a>
(With inputs from agencies)

World: In response to Trump’s decision to raise tariffs on most Chinese imports to 54%, Beijing has imposed new export controls on rare earth elements and key finished products.

A deepening trade row with China could cost US President Donald Trump more than he expected; it might threaten his dream aircraft, the F-47 fighter jet that's named after him. Beijing hits back with rare earth restrictions In response to Trump’s decision to raise tariffs on most Chinese imports to 54%, Beijing has imposed new export controls on rare earth elements and key finished products. These materials are vital for advanced electronics, especially in military aircraft. The move could deal a blow to the US defence industry, just weeks after Trump announced that Boeing had won the contract to build the F-47, a new fighter jet designed to replace the F-22 Raptor and form the core of the US Air Force’s future fleet. Also read: 'Truly a moron': Musk calls Trump trade adviser Navarro ‘dumber than a sack of bricks’ in clash over tariff Rare Earths: The hidden weak spot China controls around 90% of global rare earth production. These 17 elements are used in a range of industries, including defence, energy, electric vehicles, and electronics. For defence specifically, around 5% of US rare earth usage supports applications like radars, electric motors, and targeting systems. The F-35 stealth jet, for example, needs about 920 pounds of rare earth materials per aircraft. These are essential in its advanced avionics, radar and flight control systems. The same will likely apply to the F-47. Also read: 'Truly a moron': Musk calls Trump trade adviser Navarro ‘dumber than a sack of bricks’ in clash over tariff What’s being restricted? China’s new rules apply to seven types of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. The controls also cover finished goods such as permanent magnets. Other strategic metals such as tungsten, tellurium, bismuth, molybdenum, and indium are also under export restrictions, according to the state-run Global Times. Yttrium, in particular, is key for jet engine coatings, high-frequency radar, and lasers. It helps create thermal barriers on turbine blades, preventing engines from overheating during flight. Although these measures are not a full ban, they limit export licenses, potentially creating shortages for US manufacturers who rely heavily on Chinese suppliers. Industry insiders told Reuters that some US aerospace manufacturers are entirely dependent on Chinese sources for rare earths used in avionics. With China able to tighten supply at will, companies may struggle to find alternatives quickly. Also read: ‘Things are looking good’: Trump holds phone call with South Korea's acting president SFA Oxford, a metals consultancy, warned, “As the United States accelerates development under the Next Generation Air Dominance (NGAD) program, securing access to these critical inputs is now as essential to national reason as the platforms themselves.” What is China saying? China’s Ministry of Commerce defended the decision, saying, “The Chinese government has implemented export controls on relevant items in accordance with the law in order to better safeguard national security and interests and fulfil international obligations such as non-proliferation.” This response shows that China is prepared to use its dominance in the rare earths market as a geopolitical tool, especially in the face of Trump’s aggressive tariff policies. Also read: 'How is China going to respond?': Ukraine captures Chinese soldiers fighting for Russia; Zelensky demands answers from Beijing (With inputs from agencies)

How Trump’s trade war with China could cost him his dream toy: A jet that's named after him

India&rsquo;s Union Commerce Minister Piyush Goyal highlighted China&rsquo;s unfair trade practices, hidden subsidies, and distorted labour models as the reasons for its economic rise in the last three decades and that led to huge global trade imbalances. &ldquo;This growth was fuelled by unfair trade practices. This growth happened at the cost of fair play,&rdquo; Goyal told the India Global Forum in Mumbai on Monday. &ldquo;Its foundation lay in actions which, by the rules of the game, would be considered improper.&rdquo;
China&rsquo;s ascent has come &ldquo;at the cost of national economies and the manufacturing ecosystem&rdquo; in many countries&mdash;including India, he said.&nbsp; &ldquo;The current trade standoff, he argued, is not a flashpoint but the result of years of myopia by the international community,&rdquo; Goyal added.&nbsp; &ldquo;The current state of play, in some way, is a culmination of almost three decades of this attack on several economies,&rdquo; he said.&nbsp;
Also Read |&nbsp;<a href="https://www.wionews.com/india-news/pakistani-man-among-2-arrested-for-grenade-attack-on-punjab-bjp-leaders-home-8939764" rel="dofollow noopener" target="_blank">Pakistani man among 2 arrested for grenade attack on Punjab BJP leader&rsquo;s home</a>
Goyal accused global leaders of being overly optimistic about China&rsquo;s intentions, believing it would liberalise, improve transparency and adopt fairer trade principles, but instead, China used predatory pricing, opaque subsidy structures, and labour norms that tilted the playing field.&nbsp;
<h2>&lsquo;India Inc. should be nationalistic, alert govt about dumping of goods&rsquo;</h2>
Goyal exhorted Indian firms to be nationalistic in spirit by supporting domestic supply chains, collaborating across sectors, and aligning with national priorities.
India had risen to global challenges during the Y2K IT transition and the Covid-19 pandemic, and can turn this phase also into an opportunity, he said.&nbsp;
Also Read |&nbsp;<a href="https://www.wionews.com/world/state-executions-rose-32-to-decade-high-iran-iraq-and-saudi-arabia-behind-sharp-surge-8939140" rel="noopener" target="_blank">State executions rise 32% to decade high; Iran, Iraq and Saudi Arabia behind &lsquo;sharp surge&rsquo;</a>
He also urged industry to alert the government when they witness dumping of foreign goods in their sectors, especially from China. The steel industry has already submitted representations, which are being evaluated, he added.
<h2>&lsquo;Trade deficit with China soared in UPA rule&rsquo;</h2>
Goyal went on to blame the previous UPA government, claiming that the trade deficit with China soared during its tenure. &ldquo;When Atal Bihari Vajpayee laid down office in 2004, the India-China trade deficit was at a certain level. In the 10 years of the UPA government, that trade deficit soared by 25 times,&rdquo; he said. He also accused Rahul Gandhi of signing a controversial MoU with the Communist Party of China, which he implied was followed by tariff reductions that allowed massive Chinese dumping into Indian markets.
&ldquo;This killed many of our local manufacturing sectors and made us dependent on China. The country is still suffering from those 10 years of mismanagement of the economy,&rdquo; he said.&nbsp;
Also Read |&nbsp;<a href="https://www.wionews.com/world/japan-pm-shigeru-ishiba-calls-trump-asks-for-review-of-tariffs-more-talks-8936024" target="_blank" rel="noopener">Japan PM Shigeru Ishiba calls Trump, asks for review of tariffs, more talks</a>
About the ongoing tariff mayhem, Goyal said, &ldquo;Our applied tariff to the United States is probably seven or eight per cent. It&rsquo;s not humongous.&rdquo;
He emphasised India will pursue bilateral trade pacts with nations that respect fair, rules-based systems.&nbsp; Goyal refused to disclose the status of talks with Washington but said that India&rsquo;s economy is resilient, with limited dependence on exports. The rupee remains stable, and Indian equities were among the least affected by Trump&rsquo;s tariff blitz, he added.
Also Read |&nbsp;<a href="https://www.wionews.com/world/video-uks-birmingham-needs-the-pied-piper-as-rats-run-amok-in-city-amid-trash-piles-8933118" target="_blank" rel="noopener">Video: UK&rsquo;s Birmingham needs the Pied Piper as rats run amok in city amid trash piles</a>
&ldquo;Indian equities are fortunate to be at the bottom of the table of markets impacted by Trump&rsquo;s disruptive policies,&rdquo; he said.
<h2>&lsquo;It&rsquo;s not de-globalisation, but re-globalisation&rsquo;</h2>
On fears of de-globalisation, Goyal said the world is not fragmenting but reorienting around fairer trade principles and building systems where no player gains by cheating. &ldquo;We are not in an era of de-globalisation, but one of re-globalisation,&rdquo; he said.

Business & Economy | India News: Goyal accused global leaders of being too optimistic about China’s intentions, believing it would liberalise, improve transparency, but China used predatory pricing and opaque subsidy structures.

India’s Union Commerce Minister Piyush Goyal highlighted China’s unfair trade practices, hidden subsidies, and distorted labour models as the reasons for its economic rise in the last three decades and that led to huge global trade imbalances. “This growth was fuelled by unfair trade practices. This growth happened at the cost of fair play,” Goyal told the India Global Forum in Mumbai on Monday. “Its foundation lay in actions which, by the rules of the game, would be considered improper.” China’s ascent has come “at the cost of national economies and the manufacturing ecosystem” in many countries—including India, he said. “The current trade standoff, he argued, is not a flashpoint but the result of years of myopia by the international community,” Goyal added. “The current state of play, in some way, is a culmination of almost three decades of this attack on several economies,” he said. Also Read | Pakistani man among 2 arrested for grenade attack on Punjab BJP leader’s home Goyal accused global leaders of being overly optimistic about China’s intentions, believing it would liberalise, improve transparency and adopt fairer trade principles, but instead, China used predatory pricing, opaque subsidy structures, and labour norms that tilted the playing field. ‘India Inc. should be nationalistic, alert govt about dumping of goods’ Goyal exhorted Indian firms to be nationalistic in spirit by supporting domestic supply chains, collaborating across sectors, and aligning with national priorities. India had risen to global challenges during the Y2K IT transition and the Covid-19 pandemic, and can turn this phase also into an opportunity, he said. Also Read | State executions rise 32% to decade high; Iran, Iraq and Saudi Arabia behind ‘sharp surge’ He also urged industry to alert the government when they witness dumping of foreign goods in their sectors, especially from China. The steel industry has already submitted representations, which are being evaluated, he added. ‘Trade deficit with China soared in UPA rule’ Goyal went on to blame the previous UPA government, claiming that the trade deficit with China soared during its tenure. “When Atal Bihari Vajpayee laid down office in 2004, the India-China trade deficit was at a certain level. In the 10 years of the UPA government, that trade deficit soared by 25 times,” he said. He also accused Rahul Gandhi of signing a controversial MoU with the Communist Party of China, which he implied was followed by tariff reductions that allowed massive Chinese dumping into Indian markets. “This killed many of our local manufacturing sectors and made us dependent on China. The country is still suffering from those 10 years of mismanagement of the economy,” he said. Also Read | Japan PM Shigeru Ishiba calls Trump, asks for review of tariffs, more talks About the ongoing tariff mayhem, Goyal said, “Our applied tariff to the United States is probably seven or eight per cent. It’s not humongous.” He emphasised India will pursue bilateral trade pacts with nations that respect fair, rules-based systems. Goyal refused to disclose the status of talks with Washington but said that India’s economy is resilient, with limited dependence on exports. The rupee remains stable, and Indian equities were among the least affected by Trump’s tariff blitz, he added. Also Read | Video: UK’s Birmingham needs the Pied Piper as rats run amok in city amid trash piles “Indian equities are fortunate to be at the bottom of the table of markets impacted by Trump’s disruptive policies,” he said. ‘It’s not de-globalisation, but re-globalisation’ On fears of de-globalisation, Goyal said the world is not fragmenting but reorienting around fairer trade principles and building systems where no player gains by cheating. “We are not in an era of de-globalisation, but one of re-globalisation,” he said.

‘Blame China, not Trump’: Piyush Goyal says Beijing’s malpractices created global trade imbalance

The tariff announcement by US President Donald Trump on April 2nd has fueled intense discussions in capitals around the world on the best way to respond. According to White House officials, more than 50 countries have directly contacted them to initiate trade talks. First in line was Israeli Prime Minister Benjamin Netanyahu, who visited Trump at the White House on Monday and said that he will eliminate its trade deficit "very quickly" and wants his country to serve as a model for how to negotiate with the US on trade.

Trump tariff: China adopts tit-for-tat measures with US

Treasury Secretary Scott Bessent on Tuesday (Apr 8) said that the US holds a substantial advantage over China as the two nations engage in a growing trade war.&nbsp;
&ldquo;I think it was a big mistake, this Chinese escalation, because they&rsquo;re playing with a pair of twos,&rdquo; Bessent told CNBC during an interview. &ldquo;What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.&rdquo;
Also read | <a href="https://www.wionews.com/world/china-vows-to-fight-against-trumps-tariff-beijings-plan-to-ban-hollywood-movies-could-cost-us-millions-8939497">China vows to &lsquo;fight&rsquo; against Trump&rsquo;s tariff. Beijing&rsquo;s plan to ban Hollywood movies could cost US millions</a>
<h2>Trump&rsquo;s reciprocal tariffs</h2>
Bessent&rsquo;s remarks come a day before the US is set to raise its levies on China and several other nations as part of the reciprocal tariffs. The duties will bring US trading allies to the negotiating table and jobs back to the US, said the treasury secretary.
He added that so far Japan has been at the forefront of nations willing to negotiate, and the White House expects many others as well.
Also read | <a href="https://www.wionews.com/world/donald-trump-threatens-china-with-50-tariffs-if-beijing-doesnt-drop-retaliatory-tariffs-by-april-8-8936490">'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down</a>
&ldquo;I think you are going to see some very large countries with large trade deficits come forward very quickly,&rdquo; Bessent said. &ldquo;If they come to the table with solid proposals, I think we can end up with some good deals.&rdquo;
&ldquo;If we put up a tariff wall, the ultimate goal would be to bring jobs back to the US. But in the meantime, we will be collecting substantial tariffs,&rdquo; he said. &ldquo;If we&rsquo;re successful, tariffs would be a melting ice cube, in a way, because you&rsquo;re taking in the revenues as the manufacturing facilities are built in the U.S., and there should be some level of symmetry between the taxes we begin taking in with the new industry from the payroll taxes as the tariffs decline.&rdquo;
Also read | <a href="https://www.wionews.com/world/donald-trump-calls-china-biggest-abuser-as-markets-crash-tariffs-beijing-8935566">&lsquo;Didn&rsquo;t heed my warning&rsquo;: Trump calls China &lsquo;biggest abuser&rsquo; as markets crash; Beijing slams US &lsquo;bullying&rsquo;</a>
<h2>China&rsquo;s vows to &lsquo;fight to the end&rsquo;</h2>
While about 70 countries have reached out to the White House for talks, he said, China has vowed to &ldquo;fight to the end&rdquo; and has imposed 34 per cent tariffs on US imports in response to US President Donald Trump&rsquo;s &ldquo;blackmail&rdquo;.
The US president has threatened Beijing with additional 50 per cent duties on Chinese goods if they do not withdraw the reciprocal tariffs by Tuesday (Apr 8).
Also read | <a href="https://www.wionews.com/world/china-on-tariffs-us-seeking-hegemony-in-the-name-of-reciprocity-in-trade-war-8934616">China on tariffs: 'US seeking hegemony in the name of reciprocity in trade war'</a>
If the US president moves forward with his plans to impose the additional tariffs, unless China withdraws its retaliatory levies on the US, the total new duties on Chinese goods this year could rise to 104 per cent.
(With inputs from agencies)

World | Trending | Bessent’s remarks come a day before the US is set to raise its levies on China and several other nations as part of the reciprocal tariffs.

Treasury Secretary Scott Bessent on Tuesday (Apr 8) said that the US holds a substantial advantage over China as the two nations engage in a growing trade war. “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent told CNBC during an interview. “What do we lose by the Chinese raising tariffs on us? We export one-fifth to them of what they export to us, so that is a losing hand for them.” Also read | China vows to ‘fight’ against Trump’s tariff. Beijing’s plan to ban Hollywood movies could cost US millions Trump’s reciprocal tariffs Bessent’s remarks come a day before the US is set to raise its levies on China and several other nations as part of the reciprocal tariffs. The duties will bring US trading allies to the negotiating table and jobs back to the US, said the treasury secretary. He added that so far Japan has been at the forefront of nations willing to negotiate, and the White House expects many others as well. Also read | 'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down “I think you are going to see some very large countries with large trade deficits come forward very quickly,” Bessent said. “If they come to the table with solid proposals, I think we can end up with some good deals.” “If we put up a tariff wall, the ultimate goal would be to bring jobs back to the US. But in the meantime, we will be collecting substantial tariffs,” he said. “If we’re successful, tariffs would be a melting ice cube, in a way, because you’re taking in the revenues as the manufacturing facilities are built in the U.S., and there should be some level of symmetry between the taxes we begin taking in with the new industry from the payroll taxes as the tariffs decline.” Also read | ‘Didn’t heed my warning’: Trump calls China ‘biggest abuser’ as markets crash; Beijing slams US ‘bullying’ China’s vows to ‘fight to the end’ While about 70 countries have reached out to the White House for talks, he said, China has vowed to “fight to the end” and has imposed 34 per cent tariffs on US imports in response to US President Donald Trump’s “blackmail”. The US president has threatened Beijing with additional 50 per cent duties on Chinese goods if they do not withdraw the reciprocal tariffs by Tuesday (Apr 8). Also read | China on tariffs: 'US seeking hegemony in the name of reciprocity in trade war' If the US president moves forward with his plans to impose the additional tariffs, unless China withdraws its retaliatory levies on the US, the total new duties on Chinese goods this year could rise to 104 per cent. (With inputs from agencies)

‘Playing with a losing hand’: US Treasury Secretary Bessent says China’s escalation was ‘big mistake’

China is planning to ban Hollywood movies after vowing to &ldquo;fight to the end&rdquo; against the sweeping tariffs imposed by Donald Trump. This comes after the US president singled out the nation for additional 50 per cent levies in his recent threats.
Beijing will impose more tariffs on US agricultural products entering China and ban US movies in the country, a Chinese journalist linked to the Communist Party told BBC&rsquo;s Radio 4 programme.
Also read | <a href="https://www.wionews.com/world/donald-trump-threatens-china-with-50-tariffs-if-beijing-doesnt-drop-retaliatory-tariffs-by-april-8-8936490">'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down</a>
Last year, US films grossed $585 million in China, which is around 3.5 per cent of China's $17.71 billion box office, reported Daily Mail.
A ban on upcoming Hollywood releases, including Jurassic World: Rebirth, The Accountant 2 and the Mission Impossible sequel, could result in a loss of hundreds of millions of dollars in the Chinese market.
Also read | <a href="https://www.wionews.com/world/donald-trump-calls-china-biggest-abuser-as-markets-crash-tariffs-beijing-8935566">&lsquo;Didn&rsquo;t heed my warning&rsquo;: Trump calls China &lsquo;biggest abuser&rsquo; as markets crash; Beijing slams US &lsquo;bullying&rsquo;</a>
<h2>Trump&rsquo;s additional tariff threats</h2>
On Monday (Apr 7), Trump threatened to impose an additional 50 per cent tariff on China if Beijing does not back down from its recently introduced retaliatory tariffs of 34 per cent by Tuesday (Apr 8).&nbsp;
If the US president moves forward with his plans to impose the additional tariffs, unless China withdraws its retaliatory levies on the US, the total new duties on Chinese goods this year could rise to 104 per cent.
Also read | <a href="https://www.wionews.com/world/china-on-tariffs-us-seeking-hegemony-in-the-name-of-reciprocity-in-trade-war-8934616">China on tariffs: 'US seeking hegemony in the name of reciprocity in trade war'</a>
China has called Trump&rsquo;s recent tariff threats &ldquo;blackmail&rdquo;, planning to ban certain US imports in response.
In a statement, the Chinese commerce ministry said that the US threats were &ldquo;a mistake on top of a mistake, once again exposing the American side's blackmailing nature,&rdquo; urging the US to resolve the differences through dialogue with mutual respect.
Also read | <a href="https://www.wionews.com/world/how-fake-news-of-trumps-90-day-pause-in-tariffs-shook-stock-market-8938366">How fake news of Trump's '90-day pause in tariffs' shook stock market</a>
&ldquo;If the US insists on having its way, China will fight to the end,&rdquo; the ministry said.
&ldquo;Tariff wars have no winners, and protectionism has no way out. Chinese people don't make trouble, but are not afraid of it. Pressure, threats and blackmail are not the right way to deal with China,&rdquo; foreign ministry spokesman Lin Jian said.&nbsp;
(With inputs from agencies)

World | A ban on upcoming Hollywood releases, including Jurassic World: Rebirth, The Accountant 2 and the Mission Impossible sequel, could result in a loss of hundreds of millions of dollars in the Chinese market.

China is planning to ban Hollywood movies after vowing to “fight to the end” against the sweeping tariffs imposed by Donald Trump. This comes after the US president singled out the nation for additional 50 per cent levies in his recent threats. Beijing will impose more tariffs on US agricultural products entering China and ban US movies in the country, a Chinese journalist linked to the Communist Party told BBC’s Radio 4 programme. Also read | 'Any country that retaliates..': Trump threatens China with 50% tariffs if Beijing doesn't back down Last year, US films grossed $585 million in China, which is around 3.5 per cent of China's $17.71 billion box office, reported Daily Mail. A ban on upcoming Hollywood releases, including Jurassic World: Rebirth, The Accountant 2 and the Mission Impossible sequel, could result in a loss of hundreds of millions of dollars in the Chinese market. Also read | ‘Didn’t heed my warning’: Trump calls China ‘biggest abuser’ as markets crash; Beijing slams US ‘bullying’ Trump’s additional tariff threats On Monday (Apr 7), Trump threatened to impose an additional 50 per cent tariff on China if Beijing does not back down from its recently introduced retaliatory tariffs of 34 per cent by Tuesday (Apr 8). If the US president moves forward with his plans to impose the additional tariffs, unless China withdraws its retaliatory levies on the US, the total new duties on Chinese goods this year could rise to 104 per cent. Also read | China on tariffs: 'US seeking hegemony in the name of reciprocity in trade war' China has called Trump’s recent tariff threats “blackmail”, planning to ban certain US imports in response. In a statement, the Chinese commerce ministry said that the US threats were “a mistake on top of a mistake, once again exposing the American side's blackmailing nature,” urging the US to resolve the differences through dialogue with mutual respect. Also read | How fake news of Trump's '90-day pause in tariffs' shook stock market “If the US insists on having its way, China will fight to the end,” the ministry said. “Tariff wars have no winners, and protectionism has no way out. Chinese people don't make trouble, but are not afraid of it. Pressure, threats and blackmail are not the right way to deal with China,” foreign ministry spokesman Lin Jian said. (With inputs from agencies)

China vows to ‘fight’ against Trump’s tariff. Beijing’s plan to ban Hollywood movies could cost US millions

As global markets tumble, US President Donald Trump vows no pause in new tariffs, especially against China, threatening an additional 50% duty on Chinese imports. He also firmly rejects the EU’s latest proposal for “zero to zero” tariffs on cars and industrial goods, asserting that many nations are now coming forward to negotiate better trade deals. China has strongly pushed back, calling out US pressure tactics.

US companies brace for China’s 34% tariff blow on key sectors

Tensions have flared once again in the South China Sea after a Chinese vessel confronted a Philippine ship near Zambales. Manila accuses China of performing dangerous manoeuvres and violating its exclusive economic zone. With repeated coast guard face-offs, the maritime dispute between the two nations is heading toward a serious flashpoint.

China-Philippines standoff escalates in South China Sea over naval confrontation

Tensions rise in the region as reports suggest China may be planning an airfield in Bangladesh, a move that could bring it closer to India’s vulnerable Siliguri Corridor—also called the ‘Chicken’s Neck’. In response, India has deployed S-400 systems near the corridor and reinforced military presence. Meanwhile, China, Pakistan, and Bangladesh appear to be aligning in rhetoric and strategy.

India fortifies Siliguri Corridor as China eyes airfield in Bangladesh

US President Donald Trump's tariff policy has taken global indices for a toss as threats of global recession loom amid tariff war. Trump has refused to barge; he has vowed to further intensify the global tariff war. Two biggest economies of the world are at loggerheads on tariffs. Trump has issued a deadline for China to retract its 34% tariff on US imports by April 8th.

Trump sets a deadline for China to retract 34% tariffs

#Gravitas China is reportedly planning to construct a brand-new airfield in Bangladesh’s Lalmonirhat district, right at India’s doorstep.

Bangladesh offers China air base near India's chicken neck?

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