US Treasury Secretary Scott Bessent on Tuesday (April 29) said that the President Donald Trump's administration is "very close" to finalise a <a href="https://www.wionews.com/tags/trade">trade </a>agreement with India, adding that it easy to do with India.&nbsp;
Bessent was speaking at a press briefing alongside White House Press Secretary Karoline Leavitt. The US treasury secretary said that negotiations with India have been "relatively smooth".&nbsp;
He noted that it is easy to negotiate because of the high tariffs, adding that the talks with the country are "moving well".&nbsp;
Also read: <a href="https://www.wionews.com/world/jd-vance-speaks-on-us-indias-shared-priorities-calls-pm-modi-most-popular-leader-president-trump-wants-india-to-grow-8989489">'Most popular leader...tough negotiator': JD Vance praises PM Modi, asks India to ease tariffs</a>
He recalled US Vice President JD Vance's meeting with PM Modi.&nbsp;
"America's Asian trading partners and allies have been the most forthcoming in terms of doing the deals. As I mentioned, Vice President Vance was in India last week. I think that he and (Prime Minister Narendra) Modi made some very good progress. So I could see some announcements on India," Bessent told reporters at the White House.
When asked about the timeline for a trade deal, Bessent said, "I think that we are very close on India and in India...India, in a funny way, is easier to negotiate than the many other countries because they have very high tariffs and lots of tariffs."
Also read: <a href="https://www.wionews.com/autonews/trump-administration-to-ease-auto-tariff-impact-offering-relief-to-automakers-9014606">Trump administration to ease auto tariff impact, offering relief to automakers</a>
He added that it's much easier to confront the direct tariffs "when we got through these unfair trade deals that have been put in over decades, that the non-tariff trade barriers can be much more insidious and also harder to detect."
Bessent said that with a country like India, it is much easier to negotiate with them.&nbsp;
"So I think the Indian negotiations are moving well," he said.
Earlier on Monday, the US treasury secretary told CNBC that India is likely to be among the first countries to finalise a bilateral trade agreement with the US.&nbsp;
Also read: <a href="https://www.wionews.com/business-economy/end-of-cheap-hauls-sheins-prices-are-soaring-for-us-buyers-before-tariffs-bite-9009408">End of Cheap Hauls? Shein&rsquo;s Prices Are Soaring for US Buyers Before Tariffs Bite</a>

Bessent was speaking at a press briefing alongside White House Press Secretary. Bessent said that negotiations with India have been "relatively smooth". World india news

US Treasury Secretary Scott Bessent on Tuesday (April 29) said that the President Donald Trump's administration is "very close" to finalise a trade agreement with India, adding that it easy to do with India. Bessent was speaking at a press briefing alongside White House Press Secretary Karoline Leavitt. The US treasury secretary said that negotiations with India have been "relatively smooth". He noted that it is easy to negotiate because of the high tariffs, adding that the talks with the country are "moving well". Also read: 'Most popular leader...tough negotiator': JD Vance praises PM Modi, asks India to ease tariffs He recalled US Vice President JD Vance's meeting with PM Modi. "America's Asian trading partners and allies have been the most forthcoming in terms of doing the deals. As I mentioned, Vice President Vance was in India last week. I think that he and (Prime Minister Narendra) Modi made some very good progress. So I could see some announcements on India," Bessent told reporters at the White House. When asked about the timeline for a trade deal, Bessent said, "I think that we are very close on India and in India...India, in a funny way, is easier to negotiate than the many other countries because they have very high tariffs and lots of tariffs." Also read: Trump administration to ease auto tariff impact, offering relief to automakers He added that it's much easier to confront the direct tariffs "when we got through these unfair trade deals that have been put in over decades, that the non-tariff trade barriers can be much more insidious and also harder to detect." Bessent said that with a country like India, it is much easier to negotiate with them. "So I think the Indian negotiations are moving well," he said. Earlier on Monday, the US treasury secretary told CNBC that India is likely to be among the first countries to finalise a bilateral trade agreement with the US. Also read: End of Cheap Hauls? Shein’s Prices Are Soaring for US Buyers Before Tariffs Bite

US-India trade deal soon? US Treasury Secretary Bessent says negotiations 'smoother' with India than other nations

US President <a href="https://www.wionews.com/tags/donald-trump-0">Donald Trump</a>'s team privately alerted Wall Street executives about a possible trade deal between India and the US, a Fox Business journalist reported, revealing some other key details.&nbsp;
This comes just a few days after US President JD Vance, during his visit to India, indicated that the US and India had finalised "terms of reference" for a potential tariff deal.&nbsp;
Vance made the big announcement the day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations.
Also read: <a href="https://www.wionews.com/world/india-us-finalise-terms-for-trade-deal-vances-big-announcement-amid-trump-tariff-war-8990204">'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war</a>
"We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision because it sets a roadmap toward a final deal between our nations. I believe there is much that America and India can accomplish together," he said.
Fox Business Correspondent Charles Gasparino posted on X, claiming that people inside the White House are alerting Wall Street executives that they are nearing an agreement in principle on trade with India.&nbsp;
He further highlighted that if it holds, the India deal being envisioned will "include agreed upon goals, and issues that have been addressed and resolved as well as a deadline for the fully-baked trade pact."
Also read: <a href="https://www.wionews.com/world/india-us-finalise-terms-for-trade-deal-vances-big-announcement-amid-trump-tariff-war-8990204">'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war</a>
Moreover, "It could be used as a template for a deal with Japan, South Korea, and Australia, my sources add," Gasparino said on X.&nbsp;
<blockquote class="twitter-tweet">
SCOOP: People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India, according to my sources who are senior Wall Street execs w ties to the White House. No details on timing, and recall that we have been here&hellip;
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1915399740113535446?ref_src=twsrc%5Etfw">April 24, 2025</a></blockquote>
Moreover, US Treasury Secretary Scott Bessent also suggested that India is likely to be the first country to finalise a bilateral trade agreement with the US.&nbsp;
Bessent said that reaching a deal with Indians is much easier and has very little government subsidies.&nbsp;
"India also has fewer non-tariff trade barriers, obviously, no currency manipulation, very, very little government subsidies, so that reaching a deal with the Indians is much easier," Bessent told reporters.&nbsp;
Also read: <a href="https://www.wionews.com/world/pm-modi-us-vp-jd-vance-hail-significant-progress-in-india-us-trade-talks-during-vital-new-delhi-meeting-8987158">PM Modi, US VP JD Vance hail 'significant progress' in India-US trade talks during vital New Delhi meeting</a>

Vance made the announcement day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations. WORLD

US President Donald Trump's team privately alerted Wall Street executives about a possible trade deal between India and the US, a Fox Business journalist reported, revealing some other key details. This comes just a few days after US President JD Vance, during his visit to India, indicated that the US and India had finalised "terms of reference" for a potential tariff deal. Vance made the big announcement the day after meeting with Indian Prime Minister Narendra Modi, saying that it sets a roadmap towards a final deal between the two nations. Also read: 'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war "We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision because it sets a roadmap toward a final deal between our nations. I believe there is much that America and India can accomplish together," he said. Fox Business Correspondent Charles Gasparino posted on X, claiming that people inside the White House are alerting Wall Street executives that they are nearing an agreement in principle on trade with India. He further highlighted that if it holds, the India deal being envisioned will "include agreed upon goals, and issues that have been addressed and resolved as well as a deadline for the fully-baked trade pact." Also read: 'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war Moreover, "It could be used as a template for a deal with Japan, South Korea, and Australia, my sources add," Gasparino said on X. SCOOP: People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India, according to my sources who are senior Wall Street execs w ties to the White House. No details on timing, and recall that we have been here… — Charles Gasparino (@CGasparino) April 24, 2025 Moreover, US Treasury Secretary Scott Bessent also suggested that India is likely to be the first country to finalise a bilateral trade agreement with the US. Bessent said that reaching a deal with Indians is much easier and has very little government subsidies. "India also has fewer non-tariff trade barriers, obviously, no currency manipulation, very, very little government subsidies, so that reaching a deal with the Indians is much easier," Bessent told reporters. Also read: PM Modi, US VP JD Vance hail 'significant progress' in India-US trade talks during vital New Delhi meeting

India, a trade trendsetter? Is Trump planning to use India-US trade deal as a global template?

Apple is set to move the assembly of all iPhones sold in the United States to India by as early as next year, in fact marking a major strategic pivot away from China as geopolitical tensions and operational challenges mount. According to a report by the Financial Times, the tech giant has accelerated its manufacturing diversification plans, aiming to rely less on China, which currently dominates its production pipeline. This comes amid increasing pressure from Washington on American firms to reduce dependency on Beijing and move operations to friendlier, more stable markets.

Apple to assemble all iPhones in India, says reports

In a potential U-turn, US President Donald Trump announced that the tariffs on China may be significantly reduced if a deal is reached, however, stressed that it wont come down to zero.&nbsp;
Trump on Tuesday (April 22) indicated that the 145% tariffs on China is "very high", and it wont be that high.&nbsp;
&ldquo;145% is very high and it won&rsquo;t be that high,&rdquo; Trump told reporters in the Oval Office. &ldquo;It won&rsquo;t be anywhere near that high. It&rsquo;ll come down substantially. But it won&rsquo;t be zero.&rdquo;
Also read: <a href="https://www.wionews.com/business-economy/tariffs-tarmac-and-the-cold-war-20-usas-and-trumps-game-plan-8992745">Tariffs, Tarmac and the Cold War 2.0: USA&rsquo;s and Trump&rsquo;s Game-plan</a>
However, a White House fact sheet released recently, said that China faces up to 245% tariff. However, this figure refers to the cumulative effect of multiple tariffs on specific products, such as electric vehicles and syringes, rather than a new, blanket 245 percent tariff imposed by the US administration.
Trump made the comments when he was asked that the high tariff rates between the US and China have effectively embargoed trade between the economies.
As he plans on going easy on China now, Trump said, "We're going to be very nice and they&rsquo;re going to be very nice, and we&rsquo;ll see what happens.&rdquo;
WATCH | <a href="https://www.wionews.com/videos/chinas-export-led-growth-exposes-economy-to-tariff-hit-8988613">China's export-led growth exposes economy to tariff hit</a>
<h2>'Not the right way to deal'</h2>
Following Trump's remarks, China's Foreign Ministry said the US "can&rsquo;t say it wants to reach an agreement with China and on the other hand keeps exerting extreme pressure.&rdquo;
&ldquo;This is not the right way to deal with China and it is not feasible," the ministry added.&nbsp;
Also read: <a href="https://www.wionews.com/world/chinas-issues-big-warning-to-world-against-appeasing-trump-on-tariffs-threatens-payback-8984334">&lsquo;Asking tiger for its skin&rsquo;: China issues BIG warning to world against &lsquo;appeasing&rsquo; Trump on tariffs, threatens payback</a>
The ministry urged the US to conduct dialogue with China on the basis of equality and mutual benefit, saying such an approach was necessary for any future trade deal to take shape.
Moreover, earlier today, China said that it was open to holding trade talks with the US.&nbsp;
"We do not wish to fight, nor are we afraid of fighting," said foreign ministry spokesman Guo Jiakun at a regular press conference, adding that China would "fight to the end", if necessary.
Also read: <a href="https://www.wionews.com/business-economy/the-tariff-war-twisted-in-method-strategic-in-intent-8992769">The Tariff War - Twisted in Method, Strategic in Intent</a>

“145% is very high and it won’t be that high,” Trump said, adding, “It won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.” WORLD

In a potential U-turn, US President Donald Trump announced that the tariffs on China may be significantly reduced if a deal is reached, however, stressed that it wont come down to zero. Trump on Tuesday (April 22) indicated that the 145% tariffs on China is "very high", and it wont be that high. “145% is very high and it won’t be that high,” Trump told reporters in the Oval Office. “It won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero.” Also read: Tariffs, Tarmac and the Cold War 2.0: USA’s and Trump’s Game-plan However, a White House fact sheet released recently, said that China faces up to 245% tariff. However, this figure refers to the cumulative effect of multiple tariffs on specific products, such as electric vehicles and syringes, rather than a new, blanket 245 percent tariff imposed by the US administration. Trump made the comments when he was asked that the high tariff rates between the US and China have effectively embargoed trade between the economies. As he plans on going easy on China now, Trump said, "We're going to be very nice and they’re going to be very nice, and we’ll see what happens.” WATCH | China's export-led growth exposes economy to tariff hit 'Not the right way to deal' Following Trump's remarks, China's Foreign Ministry said the US "can’t say it wants to reach an agreement with China and on the other hand keeps exerting extreme pressure.” “This is not the right way to deal with China and it is not feasible," the ministry added. Also read: ‘Asking tiger for its skin’: China issues BIG warning to world against ‘appeasing’ Trump on tariffs, threatens payback The ministry urged the US to conduct dialogue with China on the basis of equality and mutual benefit, saying such an approach was necessary for any future trade deal to take shape. Moreover, earlier today, China said that it was open to holding trade talks with the US. "We do not wish to fight, nor are we afraid of fighting," said foreign ministry spokesman Guo Jiakun at a regular press conference, adding that China would "fight to the end", if necessary. Also read: The Tariff War - Twisted in Method, Strategic in Intent

'China tariffs may come down, but...': Trump changed his mind on Beijing trade war - What will happen next?

US Vice President JD Vance on Tuesday (April 22) made a big announcement, saying that India and the US have finalised terms for a trade deal.
This comes a day after <a href="https://www.wionews.com/world/us-vp-jd-vance-and-pm-modi-announce-terms-of-reference-for-a-bilateral-trade-agreement-8988063">JD Vance</a> met Indian Prime Minister Narendra Modi in New Delhi on April 21.&nbsp;
Today, the US vice president was speaking at an event in Jaipur, made the big announcement, stressing that it sets a roadmap towards a final deal between the two nations.
"We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision, because it sets a roadmap towards a final deal between our nations. I believe there is much that America and India can accomplish together," he said.
Also read: <a href="https://www.wionews.com/world/jd-vance-speaks-on-us-indias-shared-priorities-calls-pm-modi-most-popular-leader-president-trump-wants-india-to-grow-8989489">'Most popular leader...tough negotiator': JD Vance praises PM Modi, asks India to ease tariffs</a>
Vance praised PM Modi, calling him a "tough negotiator".&nbsp;
"Prime Minister Modi is a tough negotiator. He drives a hard bargain,&rdquo; Vance said as the audience laughed.&nbsp;
Vance continued, "Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who do not suppress their wages to boost exports, but respect the value of their labour."
While saying that he is excited to be in India, Vance added that in India, America has a friend and we seek to strengthen the warm bonds our great nations already share.&nbsp;
Also read: <a href="https://www.wionews.com/india-news/jd-vance-receives-regal-welcome-by-elephants-chanda-and-pushpa-at-jaipurs-amer-fort-watch-8988967">JD Vance receives regal welcome by elephants Chanda and Pushpa at Jaipur's Amer Fort- WATCH</a>
"At our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points," the US Vice President said.
<h2>'If India and US work together...'</h2>
Vance expressed hope to work with India, to see the 21st century prosper.&nbsp;
"If India and the United States work together successfully, we&rsquo;re going to see a 21st century that is prosperous and peaceful,&rdquo; he said.&nbsp;
&ldquo;But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity," the US vice president added.&nbsp;
Trump on April 2, announced to impose 26 per cent reciprocal tariffs on India. However, later, he announced a 90-day pause, bringing temporary relief to the nations that were majorly hit by Trump's trade war.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/vance-in-india-pm-modi-vance-welcome-significant-progress-in-trade-pact-talks-8990061">Vance in India: PM Modi, Vance welcome 'significant progress' in trade pact talks</a>

US vice president was speaking at an event in Jaipur, made the big announcement, stressing that it sets a roadmap towards a final deal between the two nations | WORLD

US Vice President JD Vance on Tuesday (April 22) made a big announcement, saying that India and the US have finalised terms for a trade deal. This comes a day after JD Vance met Indian Prime Minister Narendra Modi in New Delhi on April 21. Today, the US vice president was speaking at an event in Jaipur, made the big announcement, stressing that it sets a roadmap towards a final deal between the two nations. "We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I think this is a vital step towards realising President Trump's and PM Modi's vision, because it sets a roadmap towards a final deal between our nations. I believe there is much that America and India can accomplish together," he said. Also read: 'Most popular leader...tough negotiator': JD Vance praises PM Modi, asks India to ease tariffs Vance praised PM Modi, calling him a "tough negotiator". "Prime Minister Modi is a tough negotiator. He drives a hard bargain,” Vance said as the audience laughed. Vance continued, "Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who do not suppress their wages to boost exports, but respect the value of their labour." While saying that he is excited to be in India, Vance added that in India, America has a friend and we seek to strengthen the warm bonds our great nations already share. Also read: JD Vance receives regal welcome by elephants Chanda and Pushpa at Jaipur's Amer Fort- WATCH "At our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points," the US Vice President said. 'If India and US work together...' Vance expressed hope to work with India, to see the 21st century prosper. "If India and the United States work together successfully, we’re going to see a 21st century that is prosperous and peaceful,” he said. “But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity," the US vice president added. Trump on April 2, announced to impose 26 per cent reciprocal tariffs on India. However, later, he announced a 90-day pause, bringing temporary relief to the nations that were majorly hit by Trump's trade war. WATCH | Vance in India: PM Modi, Vance welcome 'significant progress' in trade pact talks

'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war

In a shocking statement, US President Donald <a href="https://www.wionews.com/world/too-late-jerome-powell-donald-trump-bashes-federal-reserve-chief-calls-for-his-termination-heres-why-european-central-bank-us-tariff-trade-war-8972656">Trump </a>on Thursday (April 17) pointed that China wants to hold a meeting with the US amid ongoing trade war.&nbsp;
While emphasising that he held a productive call with Mexico's president, Trump said that "every nation" wants to meet him.&nbsp;
Trump also met with the highest-level Japanese Trade Representatives on Wednesday to discuss tariffs, and said that there was "big progress".&nbsp;
Japan was the first country to formally hold negotiations with the US on tariffs.&nbsp;
Also read: <a href="https://www.wionews.com/world/china-now-needs-its-asian-family-xi-jinping-urges-regional-unity-as-us-donald-trump-threatens-beijing-with-massive-tariffs-trade-war-8972933">China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs</a>
"Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest-level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!," Trump posted on Truth Social.&nbsp;
<iframe width="600" height="" style="max-width: 100%; border: 0;" src="https://truthsocial.com/@realDonaldTrump/114353201227355474/embed" class="truthsocial-embed" allowfullscreen="allowfullscreen"></iframe>
<script src="https://truthsocial.com/embed.js" async="async"></script>

Moreover, today, Trump will be holding meeting with Italy, as he said in his statement.&nbsp;
Meanwhile, Trump's big statement on China, looks like a progress in the ongoing two nations' trade war, as both countries continues to intensify the trade war by imposing higher tariffs.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/what-will-get-china-to-the-table-on-trade-talks-with-us-8971205">What will get China to the table on trade talks with US?</a>
Recently, after the US imposed 245% tariffs on China as a result of its retaliatory actions, Beijing warned that it was &nbsp;"not afraid" to fight a trade war with the US and reiterated calls for dialogue.&nbsp;
China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures".&nbsp;
"If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said.
Also read: <a href="https://www.wionews.com/world/is-china-again-conspiring-against-taiwan-beijings-secret-nuclear-submarines-spotted-near-taiwan-on-google-maps-8972225">Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps</a>
&nbsp;

Trump also met with the highest-level Japanese Trade Representatives on Wednesday to discuss tariffs, and said that there was "big progress". WORLD

In a shocking statement, US President Donald Trump on Thursday (April 17) pointed that China wants to hold a meeting with the US amid ongoing trade war. While emphasising that he held a productive call with Mexico's president, Trump said that "every nation" wants to meet him. Trump also met with the highest-level Japanese Trade Representatives on Wednesday to discuss tariffs, and said that there was "big progress". Japan was the first country to formally hold negotiations with the US on tariffs. Also read: China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs "Had a very productive call with the President of Mexico yesterday. Likewise, I met with the highest-level Japanese Trade Representatives. It was a very productive meeting. Every Nation, including China, wants to meet! Today, Italy!," Trump posted on Truth Social. Moreover, today, Trump will be holding meeting with Italy, as he said in his statement. Meanwhile, Trump's big statement on China, looks like a progress in the ongoing two nations' trade war, as both countries continues to intensify the trade war by imposing higher tariffs. WATCH | What will get China to the table on trade talks with US? Recently, after the US imposed 245% tariffs on China as a result of its retaliatory actions, Beijing warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue. China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". "If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said. Also read: Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps

China wants to meet? Trump's BIG claim as US trade war with Beijing heats up

China has called for unity from the "Asian family", urging for regional unity during his tour of Southeast Asia, as Trump slapped massive tariffs on Beijing amid the trade war.&nbsp;
Chinese President Xi Jinping promoted this idea of "Asian family", and emphasised solidarity in a speech at a state dinner in Malaysia on Wednesday.&nbsp;
This clearly reflects <a href="https://www.wionews.com/world/a-trade-wars-ripple-effect-how-the-us-china-tariff-clash-shakes-the-world-and-india-8968725">China</a>'s enthusiasm to tackle US tariff pressure as Trump singles out China while granting mercy to other nations, who were ready to negotiate.&nbsp;
Also read: <a href="https://www.wionews.com/world/is-china-again-conspiring-against-taiwan-beijings-secret-nuclear-submarines-spotted-near-taiwan-on-google-maps-8972225">Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps</a>
&ldquo;China and Malaysia will stand with countries in the region to combat the undercurrents of geopolitical and bloc-based confrontation,&rdquo; Xi said in the Malaysian administrative capital of Putrajaya.&nbsp;
&ldquo;Together we will safeguard the bright prospects of our Asian family," he added.
China and Malaysia in a joint statement, agreed to enhance collaboration on industry, supply chains, data and talent.&nbsp;
They further committed to implementing their Five-Year Programme for Economic and Trade Cooperation and building a &ldquo;high-level strategic Malaysia-China community.&rdquo;
WATCH | <a href="https://www.wionews.com/videos/what-will-get-china-to-the-table-on-trade-talks-with-us-8971205">What will get China to the table on trade talks with US?</a>
Moreover, in an article published in Cambodian media, Jinping, said, "Together we must stand against hegemonism, power politics," adding that the two neighbours should &ldquo;resolutely oppose any attempts by external forces to interfere in our internal affairs, sow discord.&rdquo;
This comes as Trump imposed a whopping 245% tariffs on China on Tuesday, which earlier started with 34%. When Beijing did not back out on retaliatory tariffs, the White House announced that China is now facing 245% tariffs.&nbsp;
China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs.&nbsp;
China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". He further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue.&nbsp;
Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations.&nbsp;
Also read: <a href="https://www.wionews.com/world/is-trumps-tariff-war-pushing-desperate-china-closer-to-its-neighbours-heres-how-beijing-wants-to-team-up-with-india-8969819">Is Trump&rsquo;s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India</a>

Chinese President Xi Jinping promoted this idea of "Asian family", and emphasised solidarity in a speech at a state dinner in Malaysia on Wednesday. WORLD

China has called for unity from the "Asian family", urging for regional unity during his tour of Southeast Asia, as Trump slapped massive tariffs on Beijing amid the trade war. Chinese President Xi Jinping promoted this idea of "Asian family", and emphasised solidarity in a speech at a state dinner in Malaysia on Wednesday. This clearly reflects China's enthusiasm to tackle US tariff pressure as Trump singles out China while granting mercy to other nations, who were ready to negotiate. Also read: Is China again conspiring against Taiwan? Beijing's secret nuclear submarines spotted near Taiwan on Google maps “China and Malaysia will stand with countries in the region to combat the undercurrents of geopolitical and bloc-based confrontation,” Xi said in the Malaysian administrative capital of Putrajaya. “Together we will safeguard the bright prospects of our Asian family," he added. China and Malaysia in a joint statement, agreed to enhance collaboration on industry, supply chains, data and talent. They further committed to implementing their Five-Year Programme for Economic and Trade Cooperation and building a “high-level strategic Malaysia-China community.” WATCH | What will get China to the table on trade talks with US? Moreover, in an article published in Cambodian media, Jinping, said, "Together we must stand against hegemonism, power politics," adding that the two neighbours should “resolutely oppose any attempts by external forces to interfere in our internal affairs, sow discord.” This comes as Trump imposed a whopping 245% tariffs on China on Tuesday, which earlier started with 34%. When Beijing did not back out on retaliatory tariffs, the White House announced that China is now facing 245% tariffs. China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs. China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". He further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue. Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations. Also read: Is Trump’s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India

China now needs its 'Asian family'? Xi Jinping urges regional unity as Trump threatens Beijing with massive tariffs

For emerging powerhouses like India, the ongoing US-China trade war brings a unique opportunity. As global businesses look to diversify supply chains, India stands to gain as a manufacturing and export hub. But this silver lining comes with a cloud. The real fear is that India could become a dumping ground for Chinese goods…exporters in China look to offload excess stock they can’t sell to the US and early signs of that risk are already surfacing.

India-China trade deficit hits $99.2 bn amid dumping concerns

China, for the first time in more than a decade, convened an unusual Central Conference on Work Relating to Neighbouring Countries on April 9, raising eyebrows as it comes right after Trump began its tariff war.&nbsp;
As US President Donald Trump singled out China from its "mercy list", imposing higher and higher tariffs, Beijing has been making efforts to stabilise its territory and strengthen ties with the neighbours.&nbsp;
<h2>How tariffs went from 34% to 245%?&nbsp;</h2>
The trade war begins with Trump imposing 34% tariffs on China on its "Liberation Day". Following this, Beijing retaliated and imposed 34% tariffs on the US.&nbsp;
Of course, Trump did not like it, as he slammed China in a Truth Social post, saying, China panicked and they should not have done this. "CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!," the US president said in a post on Truth Social.&nbsp;
Also read: <a href="https://www.wionews.com/world/trump-says-ball-is-in-chinas-court-on-beijing-to-make-tariff-deal-with-him-8967865">Trump says 'ball is in China's court' on Beijing to make tariff deal with him</a>
The tariff war kept on intensifying as both nations did not back out and kept on imposing higher and higher tariffs. The US then warned China, saying that it will impose a 50% tariff if China doesn't back down.&nbsp;
However, China being brave and unbothered, didn't back down, which led to Trump announcing a whopping 104% tariffs on Beijing. China again retaliated with 84% tariffs on all American goods.&nbsp;
This annoyed Trump, and he imposed 125% tariffs on China while showing compassion to other 75+ nations, which according to him have contacted the US representatives for trade talks. Trump did not stop here, and on Tuesday, the White House announced 245% tariffs on Chinese goods.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/china-hit-by-tariffs-up-to-245-on-imports-amid-escalating-trade-tensions-8968902">China hit by tariffs up to 245% on imports amid escalating trade tensions</a>
<h2>'Amicable, secure and prosperous neighbourhood'</h2>
Coming to China's new in-making friendship with neighbouring countries, Chinese President Xi Jinping, during the neighbourhood conference, pledged to strengthen China's ties with neighbouring nations by "appropriately" managing differences.
He also noted that China&rsquo;s relations with neighbouring countries were at a "critical phase&rdquo; amid global uncertainties.&nbsp;
The ongoing trade war between China and the US has also pushed and made Beijing realise to mend ties with the neighbouring countries, showing it a "sense of urgency".&nbsp;
Despite China's differences with multiple neighbouring countries, including &nbsp;Japan, the Philippines, Vietnam and India, Jinping's statement claimed that ties with neighbouring countries were &ldquo;at their best in modern times&rdquo;, while entering &ldquo;a critical phase of deep linkage between the regional landscape and the world changes&rdquo;.
Jinping also said that China would foster &ldquo;an amicable, secure and prosperous neighbourhood&rdquo;, using high-quality Belt and Road Initiative cooperative projects.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/us-china-trade-war-us-imposes-245-tariffs-on-chinese-imports-8969057">US-China trade war: US imposes 245% tariffs on Chinese imports</a>
<h2>How it flipped for India?</h2>
During the "rough phase" China is going through, it also flipped towards India. Despite the growing issues between the two nations, China shockingly turned all friendly towards India on April 9.&nbsp;
A spokesperson for the Chinese embassy in India said that the two "largest developing" countries should "stand together" to overcome the difficulties brought by the ongoing trade war.&nbsp;
Even after many clashes, now China has emphasised mutual benefits, saying that the 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 earlier this month.&nbsp;
Even though Trump has been imposing higher tariffs on China, and not letting this war take a pause, he also showed openness to strike a deal with China, saying that "the ball is in China's court."
Yet, it is unclear what the future holds for these two nations as the raging tariff war keeps on getting intense and intense, with neither the US nor China wanting to back down.&nbsp;
Also read: <a href="https://www.wionews.com/world/stop-threatening-china-warns-after-us-slaps-beijing-with-whopping-245-tariffs-donald-trump-trade-war-imports-8968395">'Stop threatening': China warns after US slaps Beijing with whopping 245% tariffs</a>
Disclaimer: The views of the writer do not represent the views of WION or ZMCL. Nor does WION or ZMCL endorse the views of the writer.
&nbsp;

China also flipped towards India. Despite the growing issues between two nations, China turned all friendly towards India on April 9. WORLD, India news, opinion & blogs

China, for the first time in more than a decade, convened an unusual Central Conference on Work Relating to Neighbouring Countries on April 9, raising eyebrows as it comes right after Trump began its tariff war. As US President Donald Trump singled out China from its "mercy list", imposing higher and higher tariffs, Beijing has been making efforts to stabilise its territory and strengthen ties with the neighbours. How tariffs went from 34% to 245%? The trade war begins with Trump imposing 34% tariffs on China on its "Liberation Day". Following this, Beijing retaliated and imposed 34% tariffs on the US. Of course, Trump did not like it, as he slammed China in a Truth Social post, saying, China panicked and they should not have done this. "CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!," the US president said in a post on Truth Social. Also read: Trump says 'ball is in China's court' on Beijing to make tariff deal with him The tariff war kept on intensifying as both nations did not back out and kept on imposing higher and higher tariffs. The US then warned China, saying that it will impose a 50% tariff if China doesn't back down. However, China being brave and unbothered, didn't back down, which led to Trump announcing a whopping 104% tariffs on Beijing. China again retaliated with 84% tariffs on all American goods. This annoyed Trump, and he imposed 125% tariffs on China while showing compassion to other 75+ nations, which according to him have contacted the US representatives for trade talks. Trump did not stop here, and on Tuesday, the White House announced 245% tariffs on Chinese goods. WATCH | China hit by tariffs up to 245% on imports amid escalating trade tensions 'Amicable, secure and prosperous neighbourhood' Coming to China's new in-making friendship with neighbouring countries, Chinese President Xi Jinping, during the neighbourhood conference, pledged to strengthen China's ties with neighbouring nations by "appropriately" managing differences. He also noted that China’s relations with neighbouring countries were at a "critical phase” amid global uncertainties. The ongoing trade war between China and the US has also pushed and made Beijing realise to mend ties with the neighbouring countries, showing it a "sense of urgency". Despite China's differences with multiple neighbouring countries, including Japan, the Philippines, Vietnam and India, Jinping's statement claimed that ties with neighbouring countries were “at their best in modern times”, while entering “a critical phase of deep linkage between the regional landscape and the world changes”. Jinping also said that China would foster “an amicable, secure and prosperous neighbourhood”, using high-quality Belt and Road Initiative cooperative projects. WATCH | US-China trade war: US imposes 245% tariffs on Chinese imports How it flipped for India? During the "rough phase" China is going through, it also flipped towards India. Despite the growing issues between the two nations, China shockingly turned all friendly towards India on April 9. A spokesperson for the Chinese embassy in India said that the two "largest developing" countries should "stand together" to overcome the difficulties brought by the ongoing trade war. Even after many clashes, now China has emphasised mutual benefits, saying that the 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 earlier this month. Even though Trump has been imposing higher tariffs on China, and not letting this war take a pause, he also showed openness to strike a deal with China, saying that "the ball is in China's court." Yet, it is unclear what the future holds for these two nations as the raging tariff war keeps on getting intense and intense, with neither the US nor China wanting to back down. Also read: 'Stop threatening': China warns after US slaps Beijing with whopping 245% tariffs Disclaimer: The views of the writer do not represent the views of WION or ZMCL. Nor does WION or ZMCL endorse the views of the writer.

Is Trump’s tariff war pushing 'desperate' China closer to its neighbours? Here's how Beijing wants to 'team up' with India

Trump administration has announced a new tariff of up to 245% on Chinese imports. The move sharply escalates the trade conflict between the United States and China. The decision comes in response to Beijing’s recent export restrictions and retaliatory tariffs. Watch in for more details!

US-China trade war: US imposes 245% tariffs on Chinese imports

Amid Trump's intensifying <a href="https://www.wionews.com/world/chinas-economy-grew-54-in-first-quarter-but-us-tariffs-putting-pressure-on-economy-trade-8966732">trade war</a>, China is now facing tariffs up to 245% on imports to the United States as a result of its retaliatory actions, according to a White House statement.&nbsp;
This comes after China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs.&nbsp;
However, now, as it sums up, China now faces up to 245% tariffs on imports to the US as the two nations keep on imposing retaliatory tariffs, with no mood to negotiate.&nbsp;
Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations.&nbsp;
WATCH | <a href="https://www.wionews.com/videos/chinas-gdp-growth-defies-expectations-tariff-risks-loom-8967252">China's GDP growth defies expectations, tariff risks loom</a>
<h2>China responds&nbsp;</h2>
China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures".&nbsp;
China further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue.&nbsp;
"If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said.
Also read: <a href="https://www.wionews.com/world/china-opens-to-talks-with-us-amid-tariff-war-wants-trump-admin-to-show-respect-8968109">China opens to talks with US amid tariff war, wants Trump admin to show respect</a>
After China pulled out of the Boeing agreement to take delivery of aircraft it committed to, Trump took to Truth Social, saying, "Interestingly, they just reneged on the big Boeing deal, saying that they will &lsquo;not take possession&rsquo; of fully committed to aircraft.&rdquo; He also criticised the Biden administration, saying, &ldquo;They had ZERO respect for the Crooked Biden Administration, and who can blame them for that?&rdquo;
On Tuesday, White House Press Secretary Karoline Leavitt said that Trump is open to making a trade deal with China, but Beijing should make the first move.&nbsp;
"The ball is in China's court: China needs to make a deal with us, we don't have to make a deal with them," Leavitt told a press briefing. "China wants what we have ... the American consumer, or to put another way, they need our money," Leavitt said.
Also read: <a href="https://www.wionews.com/world/trump-says-ball-is-in-chinas-court-on-beijing-to-make-tariff-deal-with-him-8967865">Trump says 'ball is in China's court' on Beijing to make tariff deal with him</a>

World: This comes after China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs.

Amid Trump's intensifying trade war, China is now facing tariffs up to 245% on imports to the United States as a result of its retaliatory actions, according to a White House statement. This comes after China instructed its airlines not to take any further deliveries of Boeing jets, in response to US President Donald Trump's 145% tariffs. However, now, as it sums up, China now faces up to 245% tariffs on imports to the US as the two nations keep on imposing retaliatory tariffs, with no mood to negotiate. Meanwhile, Trump has paused tariffs on more than 75 nations, which he claims, has contacted him and the US representatives for negotiations. WATCH | China's GDP growth defies expectations, tariff risks loom China responds China's Foreign Ministry spokesman Lin Jian responded to an inquiry about the 245% tariff report, saying "You can ask the US side for the specific tax rate figures". China further warned that it was "not afraid" to fight a trade war with the US and reiterated calls for dialogue. "If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit," Lin Jian said. Also read: China opens to talks with US amid tariff war, wants Trump admin to show respect After China pulled out of the Boeing agreement to take delivery of aircraft it committed to, Trump took to Truth Social, saying, "Interestingly, they just reneged on the big Boeing deal, saying that they will ‘not take possession’ of fully committed to aircraft.” He also criticised the Biden administration, saying, “They had ZERO respect for the Crooked Biden Administration, and who can blame them for that?” On Tuesday, White House Press Secretary Karoline Leavitt said that Trump is open to making a trade deal with China, but Beijing should make the first move. "The ball is in China's court: China needs to make a deal with us, we don't have to make a deal with them," Leavitt told a press briefing. "China wants what we have ... the American consumer, or to put another way, they need our money," Leavitt said. Also read: Trump says 'ball is in China's court' on Beijing to make tariff deal with him

'Stop threatening': China warns after US slaps Beijing with whopping 245% tariffs

Donald Trump's tariff saga--Stock markets have risen today Shares in several automakers gaining after Trump hinted that the sector could get some tariff respite. Wall Street opened slightly higher while the dollar which has been battered in recent days recovered some losses against the euro. European indices performed better than US peers in afternoon deals. But Trump is once again angry with China. The US president accusing Beijing of going back on a major Boeing deal A news report claiming that Beijing ordered airlines not to take further deliveries of the US aviation giants jets and as a result the stocks of Boeing have tanked on Dow Jones Industrial Average. Watch in for more details!

US-China trade war: China to suspend aircraft-related purchases from US firms: Report

The trade war between the two of the world's biggest economies continues to escalate in the latest China has reportedly told its airlines to stop taking deliveries of jets from American aviation giant Boeing.

US-China trade war: Beijing instructs its carriers to stop taking deliveries from Boeing

India, which is currently facing a whooping 26% tariff from the US, has been pushing hard in recent years to become a manufacturing alternative to China. However now, it seems like it can have that opportunity.&nbsp;
India's biggest economic rival China and countries like Vietnam are facing worse tariffs, imposed by US President Donald Trump.&nbsp;
However, India, along with more than 70 countries has got some relief after Trump announced to pause tariffs on these nations, while continuing to bash China with increasing tariffs, making it 145 per cent.&nbsp;
Also read: <a href="https://www.wionews.com/world/trump-waives-off-trump-tariffs-on-these-chinese-products-8962784">Trump waives off tariffs on THESE 'Chinese' products</a>
<h2>'A significant opportunity'</h2>
Praveen Khandelwal, a member of Parliament from Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP), said that the sky-high tax on Chinese imports to America presented "a significant opportunity for India&rsquo;s trade and industry."&nbsp;
For the past 10 years, Modi has been aiming for one goal "Make in India", and India has been trying to pitch in China's manufacturing business for a long now, but its factories are not ready.&nbsp;
The Indian government also paid incentives to companies producing goods in strategic sectors, budgeting over $26 billion and tried to attract foreign investments as it seeks to reduce India's dependence on Chinese imports.&nbsp;
Notably, India aimed to create 100 million new manufacturing jobs by 2022.&nbsp;
Also read: <a href="https://www.wionews.com/world/the-trump-effect-in-action-nvidia-to-manufacture-ai-chips-in-us-as-trump-plans-to-announce-semiconductor-tariffs-8962326">&lsquo;The Trump Effect in action&rsquo;: Nvidia to manufacture AI chips in US as Trump plans to announce &lsquo;semiconductor tariffs&rsquo;</a>
<h2>'Foxconn in India'</h2>
However, India has reached some of its goals. One of them was Foxconn, the Taiwanese contract manufacturer, has started making iPhones for Apple in India, moving some work away from China.
China's economy is five time than of India's size, and is the biggest of the Asian countries to have sped toward growth.&nbsp;
As India awaits its breakthrough, under PM Modi's leadership, 10 years has not been enough to train the country's growing workforce to match businesses' needs.&nbsp;
US Treasury Secretary Scott Bessent has noted what insiders are calling a "grand encirclement", a diplomatic and economic coalition with India, Japan, Vietnam and South Korea to isolate Beijing and weaken its grip on global trade.&nbsp;
&ldquo;They&rsquo;ve been good military allies, not perfect economic allies. At the end of the day, we can probably reach an agreement with them. Then we can approach China as a group,&rdquo; Bessent said.
WATCH | <a href="https://www.wionews.com/videos/us-china-tariff-war-white-house-optimistic-about-a-trade-deal-with-china-8964927">US-China tariff war: White House optimistic about a trade deal with China</a>
According to reports, officials in New Delhi confirmed that they are working on a comprehensive bilateral trade agreement (BTA) with the US, spanning digital trade, goods, labour mobility and more.&nbsp;
<h2>'A package deal'</h2>
India is exploring a "package deal" approach, offering sector-specific concessions on textiles, gems, chemicals and agriculture in exchange for US market access and tech collaboration.&nbsp;
&ldquo;India has a lot of elbow room for trade deals with developed nations,&rdquo; India's Commerce Minister Piyush Goyal said. &ldquo;But we must be cautious about dumping from China.&rdquo;
Meanwhile, White House insiders said that deals with India are progressing faster than with other countries, thanks in part to shared concerns over China and India&rsquo;s relatively low exposure to US tariffs.
Also read: <a href="https://www.wionews.com/world/amid-ongoing-tariff-war-china-accuses-us-of-cyberattacks-issues-arrest-warrants-for-3-nsa-agents-8964606">Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA &lsquo;agents&rsquo;</a>
(With inputs from agencies)&nbsp;

PM Modi has been aiming for one goal "Make in India", and India has been trying to pitch in China's manufacturing business for a long now | World, india news

India, which is currently facing a whooping 26% tariff from the US, has been pushing hard in recent years to become a manufacturing alternative to China. However now, it seems like it can have that opportunity. India's biggest economic rival China and countries like Vietnam are facing worse tariffs, imposed by US President Donald Trump. However, India, along with more than 70 countries has got some relief after Trump announced to pause tariffs on these nations, while continuing to bash China with increasing tariffs, making it 145 per cent. Also read: Trump waives off tariffs on THESE 'Chinese' products 'A significant opportunity' Praveen Khandelwal, a member of Parliament from Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP), said that the sky-high tax on Chinese imports to America presented "a significant opportunity for India’s trade and industry." For the past 10 years, Modi has been aiming for one goal "Make in India", and India has been trying to pitch in China's manufacturing business for a long now, but its factories are not ready. The Indian government also paid incentives to companies producing goods in strategic sectors, budgeting over $26 billion and tried to attract foreign investments as it seeks to reduce India's dependence on Chinese imports. Notably, India aimed to create 100 million new manufacturing jobs by 2022. Also read: ‘The Trump Effect in action’: Nvidia to manufacture AI chips in US as Trump plans to announce ‘semiconductor tariffs’ 'Foxconn in India' However, India has reached some of its goals. One of them was Foxconn, the Taiwanese contract manufacturer, has started making iPhones for Apple in India, moving some work away from China. China's economy is five time than of India's size, and is the biggest of the Asian countries to have sped toward growth. As India awaits its breakthrough, under PM Modi's leadership, 10 years has not been enough to train the country's growing workforce to match businesses' needs. US Treasury Secretary Scott Bessent has noted what insiders are calling a "grand encirclement", a diplomatic and economic coalition with India, Japan, Vietnam and South Korea to isolate Beijing and weaken its grip on global trade. “They’ve been good military allies, not perfect economic allies. At the end of the day, we can probably reach an agreement with them. Then we can approach China as a group,” Bessent said. WATCH | US-China tariff war: White House optimistic about a trade deal with China According to reports, officials in New Delhi confirmed that they are working on a comprehensive bilateral trade agreement (BTA) with the US, spanning digital trade, goods, labour mobility and more. 'A package deal' India is exploring a "package deal" approach, offering sector-specific concessions on textiles, gems, chemicals and agriculture in exchange for US market access and tech collaboration. “India has a lot of elbow room for trade deals with developed nations,” India's Commerce Minister Piyush Goyal said. “But we must be cautious about dumping from China.” Meanwhile, White House insiders said that deals with India are progressing faster than with other countries, thanks in part to shared concerns over China and India’s relatively low exposure to US tariffs. Also read: Amid ongoing tariff war, China accuses US of cyberattacks, issues arrest warrants for 3 NSA ‘agents’ (With inputs from agencies)

India could 'benefit' from Trump’s intensifying trade war with China but only if it takes the leap | EXPLAINED

World markets are back in green after the tariff turmoil which wiped out over 12 trillion US dollars. But now there is some sense of calm. The US stock markets opening in the green, the US dollar in fact also regaining some ground. This comes as investors grappled with the latest twists and turns in Trump's trade tango. Watch in for more details!

US-China trade war intensifies: China halts export of key metals & ores

The White House said U.S. President Donald Trump is "optimistic" about striking a trade deal with China, even as the world's two largest economies clash over tariffs. The bigger impact of the escalating trade war will be on African nations, who are already reeling from U.S. aid cuts.

China eyes new trade partners amid trade war

With the escalating tariff war between the US and China, Trump's tariffs on Beijing now total 145%, the White House confirmed to CNBC on Thursday (April 10).&nbsp;
This increase in tariffs follows a new executive order from US President Donald Trump raising tariffs to 125%, up from 84%.&nbsp;
The last time, Trump raised the tariffs to 125% on Wednesday as China kept on imposing retaliatory tariffs on the US and was not rolling down to negotiate with Trump.
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>&nbsp;
Now, an additional 20% tariff has been imposed, targeting fentanyl-related imports, which brings the total to its current level.
This move has marked yet another escalation in the US trade policy toward China.
Earlier today, a Chinese Ministry of Commerce spokesperson that Beijing&rsquo;s door remains open for the talks, but threats and coercion are not the right way to deal with China.&nbsp;
Also read: <a href="https://www.wionews.com/world/threats-blackmail-not-right-way-to-deal-beijing-open-for-talks-with-us-amid-trump-tariff-war-8947445">&lsquo;Threats, blackmail not right way to deal&rsquo;: Beijing open for talks with US amid Trump tariff war</a>
&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.
He added that 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;
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;
WATCH: <a href="https://www.wionews.com/videos/us-china-war-china-condemns-bullying-as-trumps-104-tariffs-kick-in-vows-resolute-measures-8948105">US-China war: China condemns 'bullying' as Trump's 104% tariffs kick in, vows resolute measures</a>
Meanwhile, US Vice President JD Vance has accused some of Trump's China tariff critics of being "insane".&nbsp;
&ldquo;There is a category of DC insider who wants to fight an actual war with China but also wants China to manufacture much of our critical supply,&rdquo; Vance posted on X.
&ldquo;This is insane,&rdquo; the vice president said, adding, &ldquo;President Trump wants peace, but also wants fair trade and more self-reliance for the American economy.&rdquo;
Also read: <a href="https://www.wionews.com/world/who-is-stephen-miran-trumps-key-economic-advisor-behind-us-tariff-policies-8948528">Who is Stephen Miran, Trump&rsquo;s key economic advisor behind US tariff policies?</a>
(With inputs from agencies)&nbsp;
&nbsp;

World: Now, an additional 20% tariff has been imposed by the US on China, targeting fentanyl-related imports, which brings the total to its current level.

With the escalating tariff war between the US and China, Trump's tariffs on Beijing now total 145%, the White House confirmed to CNBC on Thursday (April 10). This increase in tariffs follows a new executive order from US President Donald Trump raising tariffs to 125%, up from 84%. The last time, Trump raised the tariffs to 125% on Wednesday as China kept on imposing retaliatory tariffs on the US and was not rolling down to negotiate with Trump. Also read: China shares old video of Mao Zedong amid tariff war with US, says "Chinese not afraid of provocations" Now, an additional 20% tariff has been imposed, targeting fentanyl-related imports, which brings the total to its current level. This move has marked yet another escalation in the US trade policy toward China. Earlier today, a Chinese Ministry of Commerce spokesperson that Beijing’s door remains open for the talks, but threats and coercion are not the right way to deal with China. Also read: ‘Threats, blackmail not right way to deal’: Beijing open for talks with US amid Trump tariff war “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. He added that 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 foreign ministry spokesperson Lin Jian said, “The US cause doesn't win the support of the people and will end in failure.” WATCH: US-China war: China condemns 'bullying' as Trump's 104% tariffs kick in, vows resolute measures Meanwhile, US Vice President JD Vance has accused some of Trump's China tariff critics of being "insane". “There is a category of DC insider who wants to fight an actual war with China but also wants China to manufacture much of our critical supply,” Vance posted on X. “This is insane,” the vice president said, adding, “President Trump wants peace, but also wants fair trade and more self-reliance for the American economy.” Also read: Who is Stephen Miran, Trump’s key economic advisor behind US tariff policies? (With inputs from agencies)

Will Trump stop here? US raises tariffs on China to 145%, targets fentanyl-related imports

Wall Street rose but European and Asian stock markets tumbled along with oil on Wednesday as President Donald Trump's trade war cranked up a notch.
US President Donald Trump's sweeping tariffs against trading partners kicked in, triggering strong retaliation from China which slapped a higher 84-percent levy on US goods.
The EU announced reprisals for steel and aluminium tariffs that entered force last month, targeting more than 20 billion euros ($22 billion) of US products including soybeans, motorcycles and beauty products.
Growing fears of weakened demand sent oil prices to four-year lows, with international benchmark Brent North Sea crude dropping under $60.
Frankfurt fell by three percent and Paris by 3.3 percent, as goods from the European Union now face a 20 percent tariff when entering the United States.
London slumped 2.9 percent, with Britain having been hit with a 10 percent levy on Saturday.
Most Asian equities markets fell back into the red -- Tokyo closed down 3.9 percent.
Wall Street's main indices wobbled but were up in midday trading, with Trump urging calm after most indexes fell about 10 percent over the past week.&nbsp;
"BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" Trump posted on his Truth Social network.
IG chief market analyst Chris Beauchamp said "volatility is a given from here," with extended rallies possible even in a bear market.
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>
"Until we see some hard data on the impact of tariffs it will be impossible to say that the low" point has been reached, he added.
Any hopes of a last minute roll-back on tariffs were dashed as the United States earlier hit China -- its major trading partner -- with tariffs now reaching 104 percent.
"The world's largest and second largest economies are now locked in a trade war, and neither nation seems willing to back down," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Speculation that Beijing will unveil stimulus measures helped Shanghai and Hong Kong stocks buck the downward trend in Asian equities.
Pharmaceutical firms took a heavy hit after Trump said he would be announcing a major levy on the sector.&nbsp;
Europe's most valuable company, weight-loss drug maker Novo Nordisk, and British pharmaceutical giant AstraZeneca both fell around seven percent.
<h2>Bond yields rise</h2>
"Perhaps even more alarmingly, US Treasury markets are also experiencing an incredibly aggressive selloff... adding to the evidence that they're losing their traditional haven status," said Jim Reid, managing director at Deutsche Bank.
The sharp rise in yields on US government bonds triggered similar increases to borrowing costs in the UK and Japan.
"It feels like no asset class has been spared as investors continue to price in a growing probability of a US recession," Reid added.
The rising yields may be an indication that investors need to sell bonds to cover losing positions in equity markets, which have fallen sharply in recent weeks.&nbsp;
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>
"When a few asset classes come under pressure, losses can pile up for investors and traders who are then forced to sell other investments including haven assets like government bonds," said XTB research director Kathleen Brooks.
Foreign exchange markets were similarly rattled on Wednesday -- Beijing has allowed the yuan to weaken to a record low against the dollar, while the South Korean won also hit its weakest since 2009 during the global financial crisis.
The dollar took a knock against the euro and the yen.&nbsp;
<h2>Key figures around 1530 GMT</h2>
New York - Dow: UP 0.4 percent at 37,806.08 points
New York - S&amp;P 500: UP 0.6 percent at 5,010.71
New York - Nasdaq Composite: UP 1.3 percent at 15,459.11
London - FTSE 100: DOWN 2.9 percent at 7,679.48 (close)
Paris - CAC 40: DOWN 3.3 percent at 6,863.02 (close)
Frankfurt - DAX: DOWN 3.0 percent at 19,670.88 (close)
Tokyo - Nikkei 225: DOWN 3.9 percent at 31,714.03 (close)
Hong Kong - Hang Seng Index: UP 0.7 percent at 20,264.49 (close)
Shanghai - Composite: UP 1.3 percent at 3,186.81 (close)
Euro/dollar: UP at $1.1062 from $1.0959&nbsp;
Pound/dollar: UP at $1.2785 from $1.2766
Dollar/yen: DOWN at 144.86 yen from 146.23 yen on Tuesday
Euro/pound: UP at 86.52 pence from 85.78 pence
West Texas Intermediate: DOWN 4.5 percent at $56.93 per barrel
Brent North Sea Crude: DOWN 4.2 percent at $60.19 per barrel
Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

World | US President Donald Trump's sweeping tariffs against trading partners kicked in, triggering strong retaliation from China which slapped a higher 84-percent levy on US goods.

Wall Street rose but European and Asian stock markets tumbled along with oil on Wednesday as President Donald Trump's trade war cranked up a notch. US President Donald Trump's sweeping tariffs against trading partners kicked in, triggering strong retaliation from China which slapped a higher 84-percent levy on US goods. The EU announced reprisals for steel and aluminium tariffs that entered force last month, targeting more than 20 billion euros ($22 billion) of US products including soybeans, motorcycles and beauty products. Growing fears of weakened demand sent oil prices to four-year lows, with international benchmark Brent North Sea crude dropping under $60. Frankfurt fell by three percent and Paris by 3.3 percent, as goods from the European Union now face a 20 percent tariff when entering the United States. London slumped 2.9 percent, with Britain having been hit with a 10 percent levy on Saturday. Most Asian equities markets fell back into the red -- Tokyo closed down 3.9 percent. Wall Street's main indices wobbled but were up in midday trading, with Trump urging calm after most indexes fell about 10 percent over the past week. "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" Trump posted on his Truth Social network. IG chief market analyst Chris Beauchamp said "volatility is a given from here," with extended rallies possible even in a bear market. Also read | US-China falling apart? Beijing issues travel warning for citizens going to US as 'ties deteriorate' amid Trump's tariff war "Until we see some hard data on the impact of tariffs it will be impossible to say that the low" point has been reached, he added. Any hopes of a last minute roll-back on tariffs were dashed as the United States earlier hit China -- its major trading partner -- with tariffs now reaching 104 percent. "The world's largest and second largest economies are now locked in a trade war, and neither nation seems willing to back down," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Speculation that Beijing will unveil stimulus measures helped Shanghai and Hong Kong stocks buck the downward trend in Asian equities. Pharmaceutical firms took a heavy hit after Trump said he would be announcing a major levy on the sector. Europe's most valuable company, weight-loss drug maker Novo Nordisk, and British pharmaceutical giant AstraZeneca both fell around seven percent. Bond yields rise "Perhaps even more alarmingly, US Treasury markets are also experiencing an incredibly aggressive selloff... adding to the evidence that they're losing their traditional haven status," said Jim Reid, managing director at Deutsche Bank. The sharp rise in yields on US government bonds triggered similar increases to borrowing costs in the UK and Japan. "It feels like no asset class has been spared as investors continue to price in a growing probability of a US recession," Reid added. The rising yields may be an indication that investors need to sell bonds to cover losing positions in equity markets, which have fallen sharply in recent weeks. Also read | 'Ripping off US unacceptable': Trump hikes China tariffs to 125%, gives '90-day PAUSE' on tariffs for countries seeking talks "When a few asset classes come under pressure, losses can pile up for investors and traders who are then forced to sell other investments including haven assets like government bonds," said XTB research director Kathleen Brooks. Foreign exchange markets were similarly rattled on Wednesday -- Beijing has allowed the yuan to weaken to a record low against the dollar, while the South Korean won also hit its weakest since 2009 during the global financial crisis. The dollar took a knock against the euro and the yen. Key figures around 1530 GMT New York - Dow: UP 0.4 percent at 37,806.08 points New York - S&P 500: UP 0.6 percent at 5,010.71 New York - Nasdaq Composite: UP 1.3 percent at 15,459.11 London - FTSE 100: DOWN 2.9 percent at 7,679.48 (close) Paris - CAC 40: DOWN 3.3 percent at 6,863.02 (close) Frankfurt - DAX: DOWN 3.0 percent at 19,670.88 (close) Tokyo - Nikkei 225: DOWN 3.9 percent at 31,714.03 (close) Hong Kong - Hang Seng Index: UP 0.7 percent at 20,264.49 (close) Shanghai - Composite: UP 1.3 percent at 3,186.81 (close) Euro/dollar: UP at $1.1062 from $1.0959 Pound/dollar: UP at $1.2785 from $1.2766 Dollar/yen: DOWN at 144.86 yen from 146.23 yen on Tuesday Euro/pound: UP at 86.52 pence from 85.78 pence West Texas Intermediate: DOWN 4.5 percent at $56.93 per barrel Brent North Sea Crude: DOWN 4.2 percent at $60.19 per barrel Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Stock markets tumble, oil prices plunge as Trump's trade war escalates

US President Donald Trump on Wednesday (April 9) raised <a href="https://www.wionews.com/world/eu-hits-back-at-trump-with-retaliatory-tariffs-on-us-goods-worth-232-billion-as-trade-war-escalates-8944038">tariffs</a>on China to 125% "starting immediately", stressing that Beijing has shown a "lack of respect" to the world's markets.&nbsp;
Trump stressed that the days of ripping off the US, and other countries, are no longer sustainable or acceptable.
"Based on the lack of respect that China has shown to the World&rsquo;s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully, in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable," the US president said in a Truth Social post.
<iframe width="600" height="" style="max-width: 100%; border: 0;" src="https://truthsocial.com/@realDonaldTrump/114309144289505174/embed" class="truthsocial-embed" allowfullscreen="allowfullscreen"></iframe>
<script src="https://truthsocial.com/embed.js" async="async"></script>
&nbsp;
This comes after China raised its retaliatory tariffs to 84% on Wednesday, after US imposed 104% tariffs on Chinese goods on Tuesday.&nbsp;
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>
<h2>'90-day PAUSE'</h2>
While getting harsh on China, Trump did not forget to grant mercy to the other nations who have sought negotiations with the US after the US president imposed reciprocal tariffs on April 2.&nbsp;
Trump said that he would put a "90-day PAUSE" and a "substantially lowered reciprocal tariff" on more than 75 countries who have called the US representatives for negotiations.&nbsp;
Also read: <a href="https://www.wionews.com/world/us-china-trade-war-beijing-retaliatory-tariff-slammed-as-a-loser-move-by-us-treasury-secretary-scott-bessent-8944013">US-China trade war: Beijing's retaliatory tariff slammed as a 'loser' move by US Treasury Secretary Scott Bessent</a>&nbsp;
"Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!," he added.
Earlier today, China stressed that due to the deteriorating of China-US economic and trade relations, the Ministry of Culture and Tourism advise the citizens heading to the US to stay "cautious" and assess the risks of travelling to America.&nbsp;
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">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>
(With inputs from agencies)

World: While getting harsh on China, US President Trump did not forget to grant mercy to the other nations who have sought negotiations with the US.

US President Donald Trump on Wednesday (April 9) raised tariffson China to 125% "starting immediately", stressing that Beijing has shown a "lack of respect" to the world's markets. Trump stressed that the days of ripping off the US, and other countries, are no longer sustainable or acceptable. "Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully, in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable," the US president said in a Truth Social post. This comes after China raised its retaliatory tariffs to 84% on Wednesday, after US imposed 104% tariffs on Chinese goods on Tuesday. Also read: 'Squeeze Chinese heads into wall now': Kevin O'Leary urges Trump to slap China with '400% tariffs' to make them negotiate '90-day PAUSE' While getting harsh on China, Trump did not forget to grant mercy to the other nations who have sought negotiations with the US after the US president imposed reciprocal tariffs on April 2. Trump said that he would put a "90-day PAUSE" and a "substantially lowered reciprocal tariff" on more than 75 countries who have called the US representatives for negotiations. Also read: US-China trade war: Beijing's retaliatory tariff slammed as a 'loser' move by US Treasury Secretary Scott Bessent "Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!," he added. Earlier today, China stressed that due to the deteriorating of China-US economic and trade relations, the Ministry of Culture and Tourism advise the citizens heading to the US to stay "cautious" and assess the risks of travelling to America. Also read: China not backing down! Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty (With inputs from agencies)

'Ripping off US unacceptable': Trump hikes China tariffs to 125%, gives '90-day PAUSE' on tariffs for countries seeking talks

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.
Economists have warned that US President Donald Trump&rsquo;s tariffs on the world&rsquo;s second-largest economy could result in a decline of one to two per cent in the country&rsquo;s growth, worsen industrial overcapacity, put domestic jobs at risk, and further fuel deflationary forces.
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>
The planned high-level meeting comes as 104 per cent tariffs on Chinese goods take effect on Wednesday (Apr 9) and marks the first one that became publicly known since Trump imposed reciprocal tariffs on China last week.&nbsp;
<h2>High-level meet</h2>
The top leaders who are expected to attend the meeting include senior officials from the State Council, or cabinet, as well as several government and regulatory bodies, reported Reuters, citing two anonymous sources.
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">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>
They added that top officials from the government bodies, including the People's Bank of China, the central bank, and the finance ministry, were also likely to attend the meeting. Officials of the commerce ministry, the National Financial Regulatory Administration (NFRA) and China Securities Regulatory Commission (CSRC) are also expected to be present at the meeting.
They will likely discuss measures to boost domestic consumption and support capital markets in China. The talks will likely include initiatives like making rebates on export tax more attractive for domestic companies, the sources said. Chinese state media are expected to report part of the meeting&rsquo;s agenda, they said.
Also read | <a href="https://www.wionews.com/world/china-trying-to-be-friends-with-india-again-beijing-asks-india-to-stand-together-amid-trumps-tariffs-8943099">China trying to be friends with India again? Beijing asks India to 'stand together' amid Trump's tariffs</a>
<h2>China-US trade war</h2>
On Wednesday (Apr 9), China hit back at the US with 84 per cent tariffs on all American goods in response to the 104 per cent sweeping tariffs imposed by the US. The new Chinese levies are set to take effect on Thursday (Apr 10).
Also read | <a href="https://www.wionews.com/world/chinas-neighbourhood-first-policy-amid-tariff-war-xi-jinping-says-it-will-strengthen-ties-with-neighbours-8942918">China's 'neighbourhood first' policy amid Trump tariffs: Xi Jinping advocates better ties with neighbours as 104 pc duties kick in</a>
Earlier, China imposed a 34 per cent tariff on US goods following Trump&rsquo;s announcement of &ldquo;reciprocal tariffs&rdquo; on April 2. Trump had warned China of withdrawing its retaliatory tariffs or the US would respond with an additional 50 per cent duties. However, China has vowed to fight back against the US president&rsquo;s alleged &ldquo;blackmail&rdquo;.
(With inputs from agencies)

World | The planned high-level meeting comes as 104 per cent tariffs on Chinese goods take effect on Wednesday (Apr 9) and marks the first one that became publicly known since Trump imposed reciprocal tariffs on China last week.

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. Economists have warned that US President Donald Trump’s tariffs on the world’s second-largest economy could result in a decline of one to two per cent in the country’s growth, worsen industrial overcapacity, put domestic jobs at risk, and further fuel deflationary forces. Also read | China vows to ‘fight’ against Trump’s tariff. Beijing’s plan to ban Hollywood movies could cost US millions The planned high-level meeting comes as 104 per cent tariffs on Chinese goods take effect on Wednesday (Apr 9) and marks the first one that became publicly known since Trump imposed reciprocal tariffs on China last week. High-level meet The top leaders who are expected to attend the meeting include senior officials from the State Council, or cabinet, as well as several government and regulatory bodies, reported Reuters, citing two anonymous sources. Also read | China not backing down! Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty They added that top officials from the government bodies, including the People's Bank of China, the central bank, and the finance ministry, were also likely to attend the meeting. Officials of the commerce ministry, the National Financial Regulatory Administration (NFRA) and China Securities Regulatory Commission (CSRC) are also expected to be present at the meeting. They will likely discuss measures to boost domestic consumption and support capital markets in China. The talks will likely include initiatives like making rebates on export tax more attractive for domestic companies, the sources said. Chinese state media are expected to report part of the meeting’s agenda, they said. Also read | China trying to be friends with India again? Beijing asks India to 'stand together' amid Trump's tariffs China-US trade war On Wednesday (Apr 9), China hit back at the US with 84 per cent tariffs on all American goods in response to the 104 per cent sweeping tariffs imposed by the US. The new Chinese levies are set to take effect on Thursday (Apr 10). Also read | China's 'neighbourhood first' policy amid Trump tariffs: Xi Jinping advocates better ties with neighbours as 104 pc duties kick in Earlier, China imposed a 34 per cent tariff on US goods following Trump’s announcement of “reciprocal tariffs” on April 2. Trump had warned China of withdrawing its retaliatory tariffs or the US would respond with an additional 50 per cent duties. However, China has vowed to fight back against the US president’s alleged “blackmail”. (With inputs from agencies)

Top Chinese leaders to meet to discuss support measures amid trade war with US – Report

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;
China's finance ministry said it would impose additional tariffs on US goods from April 10.&nbsp;
It further stressed that they had 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/china-trying-to-be-friends-with-india-again-beijing-asks-india-to-stand-together-amid-trumps-tariffs-8943099">China trying to be friends with India again? Beijing asks India to 'stand together' amid Trump's tariffs</a>
After the announcement, the US stock index futures also reportedly took a sharp dive.&nbsp;
Earlier, China announced to impose 34% tariff after US President Donald Trump imposed the "reciprocal tariffs" on April 2. Following this, Trump warned China to roll back its retaliatory tariffs or the US would respond with an additional 50% tariff.&nbsp;
He also took to Truth Social, saying that "China played it wrong, they panicked - The one thing they cannot afford to do!"
Also read: <a href="https://www.wionews.com/world/chinas-neighbourhood-first-policy-amid-tariff-war-xi-jinping-says-it-will-strengthen-ties-with-neighbours-8942918">China's 'neighbourhood first' policy amid Trump tariffs: Xi Jinping advocates better ties with neighbours as 104 pc duties kick in</a>
On Tuesday, the US President slapped a 104% tariff on Chinese goods starting from Wednesday.&nbsp;
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.
China had also said that it would control exports of medium and heavy rare earths, materials that are used in high-tech products such as computer chips and electric vehicle batteries.&nbsp;
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>
Moreover, the Chinese government has declined to comment on whether it would negotiate with the US, like other countries.&nbsp;
&ldquo;If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,&rdquo; the Chinese commerce ministry said in its statement.
China also issued a white paper titled "China's Position on Some Issues Concerning China-US Economic and Trade Relations", criticising the US for imposing tariffs on over $500 billion worth of Chinese exports since 2018.&nbsp;
The Chinese government issued the paper to clarify the facts about China-US economic and trade relations.&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>
(With inputs from agencies)

World: China's finance ministry stressed that they had added 12 US entities to the export control list and 6 US entities to the 'unreliable entity' list.

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. China's finance ministry said it would impose additional tariffs on US goods from April 10. It further stressed that they had added 12 US entities to the export control list and 6 US entities to the 'unreliable entity' list. Also read: China trying to be friends with India again? Beijing asks India to 'stand together' amid Trump's tariffs After the announcement, the US stock index futures also reportedly took a sharp dive. Earlier, China announced to impose 34% tariff after US President Donald Trump imposed the "reciprocal tariffs" on April 2. Following this, Trump warned China to roll back its retaliatory tariffs or the US would respond with an additional 50% tariff. He also took to Truth Social, saying that "China played it wrong, they panicked - The one thing they cannot afford to do!" Also read: China's 'neighbourhood first' policy amid Trump tariffs: Xi Jinping advocates better ties with neighbours as 104 pc duties kick in On Tuesday, the US President slapped a 104% tariff on Chinese goods starting from Wednesday. 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. China had also said that it would control exports of medium and heavy rare earths, materials that are used in high-tech products such as computer chips and electric vehicle batteries. Also read: Trump mocks world leaders, claims 'countries are calling us up, kissing my a**,' to negotiate tariffs Moreover, the Chinese government has declined to comment on whether it would negotiate with the US, like other countries. “If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,” the Chinese commerce ministry said in its statement. China also issued a white paper titled "China's Position on Some Issues Concerning China-US Economic and Trade Relations", criticising the US for imposing tariffs on over $500 billion worth of Chinese exports since 2018. The Chinese government issued the paper to clarify the facts about China-US economic and trade relations. Also read: ‘China wants a deal, badly’: Trump slaps 104% tariff after Beijing defies ultimatum, says 'waiting for their call' (With inputs from agencies)

China not backing down! Beijing hits back at US with 84% tariffs on all US goods from April 10, after Trump's 104% duty

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

Asian stocks rebound after their worst day on record, but Chinese shares look set for another rough start due to the ongoing trade spat. On 'Black Monday', waves of volatility shook markets anew.<o:p></o:p>
Stocks, bonds and commodities were whipsawed by another deluge of headlines around President Trump's trade war that only reinforced the clouds hanging over the outlook for investors. Shares in Japan and Australia advanced at the open, along with futures contracts for US and European stocks.<o:p></o:p>
Contracts for Hong Kong pointed to losses after a gauge of US-listed Chinese shares fell more than 5 per cent. This came after Trump threatened to slap an additional 50 per cent tariffs on China for its retaliatory stance.<o:p></o:p>
Traders looking for stocks to bottom after a selloff of trillions of dollars were faced with a series of twists and turns on Monday. While the S&amp;P 500 moved away from the threshold of a bear market, its 7 per cent intraday swing was the biggest since 2020 when COVID hit global trading.<o:p></o:p>
Many metrics are at panic levels associated with meaningful bottoms over the past 40 years. Hedge funds recorded their largest-ever one-day net sales of global stocks. The slump has driven US stock valuations to their lowest level since late 2023.<o:p></o:p>
<h2 class="MsoNormal">The 15 minutes that rocked stock desks<o:p></o:p></h2>
Amidst the global selloff, the US stock market had a manic Monday. At just after 10 am US time, fake news erupted that Trump was weighing a suspension of tariffs. Within seconds, stocks soared wildly, erasing all of Monday morning's loss. The S&amp;P 500 climbed as much as 3.4 per cent.<o:p></o:p>
As stocks started to surge, the S&amp;P had added over 2.5 trillion dollars in value within seven minutes. Still, even after the white house denied the report and stocks gave back their gains, the selling fever subsided.<o:p></o:p>
Stocks remained well above their Monday lows. The episode served as a reminder that it doesn't take much now to spark a sudden rally. That was the 15 minutes that rocked stock-market desks.<o:p></o:p>
Volatility convulsed other markets as well, with traders continuing to price in a high risk of a global recession. The VIX index &mdash; known as the fear gauge &mdash; spiked to hold at pandemic-era levels. The brief halt to the US stock selloff, however, was a welcome respite after markets slid around the world.<o:p></o:p>
China was particularly hard hit, with the Hang Seng index falling 13 per cent, its biggest slide since 1997. Europe's main gauge plunged to the lowest since December 2023, and Germany's DAX index briefly sank 10 per cent before recovering.<o:p></o:p>
(With the inputs from the agencies)<o:p></o:p>

Business & Economy:  At just after 10 am US time, fake news erupted that Trump was weighing a suspension of tariffs. Within seconds, stocks soared wildly, erasing all of Monday morning's loss.

Asian stocks rebound after their worst day on record, but Chinese shares look set for another rough start due to the ongoing trade spat. On 'Black Monday', waves of volatility shook markets anew. Stocks, bonds and commodities were whipsawed by another deluge of headlines around President Trump's trade war that only reinforced the clouds hanging over the outlook for investors. Shares in Japan and Australia advanced at the open, along with futures contracts for US and European stocks. Contracts for Hong Kong pointed to losses after a gauge of US-listed Chinese shares fell more than 5 per cent. This came after Trump threatened to slap an additional 50 per cent tariffs on China for its retaliatory stance. Traders looking for stocks to bottom after a selloff of trillions of dollars were faced with a series of twists and turns on Monday. While the S&P 500 moved away from the threshold of a bear market, its 7 per cent intraday swing was the biggest since 2020 when COVID hit global trading. Many metrics are at panic levels associated with meaningful bottoms over the past 40 years. Hedge funds recorded their largest-ever one-day net sales of global stocks. The slump has driven US stock valuations to their lowest level since late 2023. The 15 minutes that rocked stock desks Amidst the global selloff, the US stock market had a manic Monday. At just after 10 am US time, fake news erupted that Trump was weighing a suspension of tariffs. Within seconds, stocks soared wildly, erasing all of Monday morning's loss. The S&P 500 climbed as much as 3.4 per cent. As stocks started to surge, the S&P had added over 2.5 trillion dollars in value within seven minutes. Still, even after the white house denied the report and stocks gave back their gains, the selling fever subsided. Stocks remained well above their Monday lows. The episode served as a reminder that it doesn't take much now to spark a sudden rally. That was the 15 minutes that rocked stock-market desks. Volatility convulsed other markets as well, with traders continuing to price in a high risk of a global recession. The VIX index — known as the fear gauge — spiked to hold at pandemic-era levels. The brief halt to the US stock selloff, however, was a welcome respite after markets slid around the world. China was particularly hard hit, with the Hang Seng index falling 13 per cent, its biggest slide since 1997. Europe's main gauge plunged to the lowest since December 2023, and Germany's DAX index briefly sank 10 per cent before recovering. (With the inputs from the agencies)

Decoding the global market shock amid Trump tariffs

Asian stocks started Friday with deep losses as investors braced for further pain across global markets after Wall Street's $2.5 trillion rout. President Donald Trump touted Wednesday as a landmark in U.S. history, saying his tariffs would "make America wealthy again." Instead, the steepest levies in a century sparked a rapid selloff in risk assets, culminating Thursday with a 4.8 percent rout in the S&P 500.

Trade wars ensue: China slaps additional 34% tariff on US goods |

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