China strikes back with 84 percent tariffs amid escalating trade war

 US President Donald Trump signs an executive order at the White House in Washington, D.C., on  April 8, 2025.

By  REUTERS

REUTERS

What you need to know:

  • Global markets took a pummelling on Wednesday as Trump's eye-watering 104 percent tariffs on China came into effect, and a savage selloff in US bonds sparked fears that foreign funds were fleeing U.S. assets.

Related

Latest

  1. Fixing Tanzania’s broken road accident compensation system

  2. Aziz KI sees red, but 10-man Yanga hold firm

  3. Students’ loans board extends application deadline by four days due to network glitches

  4. TFS turns to technology to strengthen management of 465 forest reserves

  5. PM Nchemba orders contractors to speed up Simiyu power projects

  6. Heche's defense testimony puts 2015 electoral integrity under the spotlight

In the headlines

View All