13.53°C Vancouver
Ads

Apr 9, 2025 6:32 PM - Connect Newsroom

Trump Imposes 125 Percent Tariff on China, Announces Relief for Non-Retaliatory Countries

Share On
trump-imposes-125-percent-tariff-on-china-announces-relief-for-non-retaliatory-countries
In a post on Truth Social, Trump explained that the move came in response to what he called China's disrespect towards global markets.(Photo: The Canadian Press)

US President Donald Trump has announced a 90-day pause on tariffs but has simultaneously increased the tariff on China to 125 percent. In a post on Truth Social, Trump explained that the move came in response to what he called China's disrespect towards global markets. As a result, the tariff on Beijing is now set at 125 percent, effective immediately.

Trump also expressed confidence that China would soon realize that the days of exploiting the United States and other countries are over. He revealed that more than 75 countries had approached the US for trade deals and that these countries had not retaliated against the US in any way. As a result, Trump stated that these nations would benefit from a 90-day tariff pause, with reciprocal tariffs set at just 10 percent during this period.

Following Trump's announcement, the Dow Jones, a leading index of the American stock market, surged by more than 2,000 points.

Latest news

pm-modi-returns-to-india-after-terrorist-attack-in-pahalgam
IndiaApr 23, 2025

PM Modi returns to India after terrorist attack in Pahalgam

PM Modi returned to New Delhi this morning after canceling his Saudi Arabia trip late at night after the terrorist attack in Pahalgam, Jammu and Kashmir. According to the news, as a stern signal to Pakistan, Prime Minister Narendra Modi's plane did not use Pakistan's airspace while returning from Saudi Arabia to New Delhi and instead landed in India from Gujarat over the Arabian Sea, while PM Modi's plane passed through Pakistan's airspace while going to Saudi Arabia. It is noteworthy that 27 people were killed and more than 20 people were injured in a terrorist attack in Pahalgam, Jammu and
government-will-bring-back-punjabis-stranded-in-jammu-and-kashmir-safely-bhagwant-mann
IndiaApr 23, 2025

Government will bring back Punjabis stranded in Jammu and Kashmir safely: Bhagwant Mann

All political parties of the state, including the Chief Minister of Punjab, have strongly condemned the terrorist attack on tourists in Jammu and Kashmir. CM Mann Bhagwant Mann said that Punjab is also a big tourism place. Tourists from home and abroad come here too and for their safety, orders have been given to increase the deployment of police personnel at all the tourist places of the state. He also said that Punjabis stranded in Jammu and Kashmir will be brought back safely. At the same time, Shiromani Akali Dal President Sukhbir Badal termed the attack targeting tourists in Pahalgam as
mother-of-calgary-murder-suspect-details-hallucinations-and-fear-months-before-attack
CanadaApr 23, 2025

Mother of Calgary murder suspect details hallucinations and fear months before attack

The mother of a Calgary murder suspect hastestified her son was suffering hallucinations and was in fear of animalistic creatures months before a young woman was stabbed to death on a downtown street. Michael Adenyi is charged with first-degree murder in the death of fitness instructor Vanessa Ladouceur in April 2022. He has testified he believed he was attacking a creature when he assaulted the woman and only realized what he had done when he cut himself and discovered what had really happened. His mother told court that Adenyi started having hallucinations in September 2021, was
drug-death-of-15-year-old-involved-hydromorphone-and-cough-medicine-rcmp-believe
BCApr 23, 2025

Drug death of 15-year-old involved hydromorphone and cough medicine, RCMP believe

RCMP say a 15-year-old died of a suspected drug overdose this month in Campbell River, B.C., believed to involve the prescription opioid hydromorphone and cough medicine. Const. Maury Tyre with the Campbell River RCMP says in a statement that it's important for youth and parents to understand the risks posed by both prescription and non-prescription medications. The statement says an investigation into the teen's medical emergency led police to believe it was caused by a combination of Dilaudid, a brand name of hydromorphone, and non-prescription cough medicine. Dilaudid is avai
mark-carney-to-hold-election-rally-in-surrey
CanadaApr 22, 2025

Mark Carney to Hold Election Rally in Surrey

Liberal Leader Mark Carney will hold an election rally in Surrey on Wednesday evening, named "Canada Strong." The rally will require registration and a valid entry ID to attend. The Liberal Party is expected to release the location details soon. The event will start around 7:30 pm, with doors opening at 6 pm. At the rally, Carney is expected to emphasize his stance against Trump's tariffs and his plan to make Canada the fastest-growing economy in the G-7. This will be his second rally in the Lower Mainland, following his first event in Richmond on April 7.
ADS
Ads

Related News

ADS
Ads