Safe havens rebound as China-US trade war anxiety overshadows tariff U-turn

Quick Summary:

US Treasury Secretary Scott Bessent asserted on Wednesday that the sweeping tariff pullback had been the plan all along to bring countries to the bargaining table.

The Chinese yuan weakened slightly in offshore trading, after a more-than 1 per cent round-trip in the past two days to an all-time low and back again.

Beijing filed a new complaint with the World Trade Organization on Wednesday after earlier calling US levies "reckless".

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Category: BusinessFinance

Markets: IndiaAustraliaChina

Topics: Yen Dollar Trade war US dollar Swiss Franc Trump tariffs China-US

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 08:44:28 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27768020

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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