Trump threatens 50pc more tariffs on China as global markets crash, Beijing vows retaliation with 34pc duties

Quick Summary:

WASHINGTON, April 8 — US President Donald Trump yesterday threatened fresh tariffs of 50 percent on China and ruled out...

JPMorgan Chase CEO Jamie Dimon warned of coming inflation, adding “whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth.

As the trade war escalates, Beijing — Washington’s major economic rival — unveiled its own 34 percent duties on US goods to come into effect on Thursday.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaFranceGermanyHong KongIrelandIsraelLuxembourgUnited States

Topics: US tariffs Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 08:33:49 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 684 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Malay Mail

News ID: 27702670

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About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

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Year Established: 1896

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News Last Updated: 8 hours ago

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