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China says opposes new US tariffs, vows 'countermeasures'
China says opposes new US tariffs, vows 'countermeasures'
Business and Economy
by  AFP

China on Thursday said it "firmly opposes" sweeping new US tariffs on its exports and vowed "countermeasures to safeguard its own rights and interests". The Commerce Ministry in Beijing said in a statement that those tariffs "do not comply with international trade rules and seriously harm the legitimate rights and interests of the relevant parties".

Stocks tank, havens rally as Trump tariffs fan trade war
Stocks tank, havens rally as Trump tariffs fan trade war
Business and Economy
by  AFP

Equity markets suffered a bloodbath Thursday after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation. Oil also suffered big losses, with both main contracts down more than two percent on fears that the shock to economies would hit demand.

Financial markets tumble after Trump tariff announcement
Financial markets tumble after Trump tariff announcement
Business and Economy
by  AFP

Global financial markets were rocked on Wednesday by Donald Trump's announcement of sweeping tariffs, targeting China and the European Union in particular, with the risk of undermining the international economy. The bond market also played its role as a safe haven, with the yield on the benchmark ten-year US Treasury, easing to 4.10 percent after Donald Trump's announcement.

Europe riled, but plans cool-headed response to Trump's tariffs
Europe riled, but plans cool-headed response to Trump's tariffs
Business and Economy
by  AFP

European politicians and a German industry group criticised US tariffs announced by President Donald Trump on Wednesday, but said they were aiming for a cool-headed response. - US warns: don't retaliate - The German chemicals industry called for the EU to "keep a cool head," warning that "a spiral of escalation would only increase the damage".

Key details on Trump's market-shaking tariffs
Key details on Trump's market-shaking tariffs
Business and Economy
by  AFP

After weeks of anticipation, US President Donald Trump unveiled sweeping new tariffs on trading partners Wednesday, calling it a "declaration of economic independence." - Exclusions - Major US partners Canada and Mexico, however, are not subject to the new tariffs, White House officials said Wednesday.