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Today — 12 April 2025Main stream

China Raises Tariffs on U.S. Imports to 125%, Calling Trump’s Policies a ‘Joke’

✇NYT | Top Stories
By: Alexandra Stevenson
11 April 2025 at 19:39
Beijing’s retaliation came after the White House ratcheted up its tariff on Chinese goods to 125 percent, on top of an existing 20 percent tax.

© Jon Cherry for The New York Times

A worker at Vendome Copper & Brass Works in Louisville, Ky., last month.
Yesterday — 11 April 2025Main stream

Markets Worry About Finding an Exit From Trump’s Trade Fight

✇NYT | Top Stories
By: Andrew Ross Sorkin， Ravi Mattu， Bernhard Warner， Sarah Kessler， Michael J. de la Merced， Lauren Hirsch and Edmund Lee
11 April 2025 at 19:38
Investors are concerned about the continued escalation of the U.S.-China tariff battle — and the state of the president’s negotiating leverage.

© Kevin Lamarque/Reuters

The gulf is widening between the United States and China over their tit-for-tat tariff clash.

Steeling China for a Tariff Fight, Xi Faces His Biggest Test Since Covid

✇NYT | Top Stories
By: David Pierson
11 April 2025 at 17:31
Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.

© Erin Schaff/The New York Times

Xi Jinping in 2019, waiting for President Trump to arrive for bilateral talks in Osaka, Japan.

The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.

✇NYT | Top Stories
By: Ben Casselman
11 April 2025 at 17:03
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.

© Coley Brown for The New York Times

The opening of U.S. trade with China a quarter-century ago led to a flood of imports that came to be known as the “China shock.”

Stock Markets Rattled by Latest Escalation in U.S.-China Trade War

✇NYT | Top Stories
By: Eshe Nelson
11 April 2025 at 19:16
Beijing retaliated with higher tariffs on U.S. goods, a tit-for-tat move that intensified investors’ anxiety and rattled already shaky markets.

© Spencer Platt/Getty Images

Traders on the floor of the New York Stock Exchange on Thursday.

Trump Insists ‘Everybody’ Wants to Make a Trade Deal With the U.S.

✇NYT | Top Stories
By: Maggie Haberman and Ana Swanson
11 April 2025 at 05:47
The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.

© Eric Lee/The New York Times

President Trump and Secretary of State Marco Rubio during a cabinet meeting on Thursday.
Before yesterdayMain stream

What to Expect After Trump’s Tariff About-Face

✇NYT | China
By: Andrew Ross Sorkin， Ravi Mattu， Bernhard Warner， Sarah Kessler， Michael J. de la Merced， Lauren Hirsch and Edmund Lee
10 April 2025 at 20:32
Global markets are rallying on President Trump’s decision to pause most of his sweeping levies. But investors remain unsettled, especially as Washington and Beijing face off.

U.S. and China Headed for ‘Monumental’ Split, Putting World Economy on Edge

✇NYT | Top Stories
By: Daisuke Wakabayashi， Alexandra Stevenson， Patricia Cohen and Keith Bradsher
10 April 2025 at 19:10
A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.

© Gilles Sabrié for The New York Times

A cargo ship at the port of Ningbo-Zhoushan in China’s Zhejiang province last month.
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