rump Tariffs, China Tariffs, US-China Tariffs War live updates: China retaliated to new tariffs imposed by President Donald Trump, announcing it would raise duties on US goods to 84 per cent, deepening a trade war between the world’s largest economies. The latest Chinese countermeasures are effective April 10, according to a government statement Wednesday. China’s move came hours after Trump’s sweeping measures went into force, taking the cumulative rate announced this year to 104 per cent. China also said it would sue the US at the World Trade Organization, added six firms to its unreliable entity list and 12 US firms to its export control list.
- 20:22 | April 9, 2025
US-China Tariff War Live Updates: ‘Fragile’ Car Parts Suppliers at Risk as Tariffs Grip Auto Trade
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Thousands of temporary layoffs at automakers and parts suppliers in Canada are “just the start of it,” warned the country’s largest private-sector union, as the imposition of US tariffs enters its second week.
“The industry will not be able to live under these kinds of tariffs. The longer this goes on, the bigger the fallout we’re going to see,” Unifor President Lana Payne said in a Tuesday interview. “My concern is that we see temporary layoffs turn into much longer layoffs.”
About 6,000 Unifor members were given short-term layoff notices in the aftermath of Trump’s April 2 announcement, which placed new tariffs on most countries. The majority of the notices came from a Stellantis NV plant in Windsor, Ontario, which makes Chrysler and Dodge vehicles, as part of a two-week shutdown while the company assesses the impact of tariffs.
More auto sector businesses have since culled their workforce, including a manufacturer of recreational vehicles that laid off 79 workers last week.
- 20:06 | April 9, 2025
US-China Tariff War Live Updates: Trump’s Truth Social Post
- 20:03 | April 9, 2025
US-China Tariff War Live Updates: Trump’s Truth Social Post
- 19:58 | April 9, 2025
US-China Tariff War Live Updates: Wall Street mixed at open as China raises tariffs on US goods
Wall Street’s main indexes were mixed at the open on Wednesday after China announced more levies on US goods, retaliating to President Donald Trump’s reciprocal tariffs that took effect earlier in the day.
The Dow Jones Industrial Average fell 257.7 points, or 0.68%, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35%, at the open to 4,965.28, while the Nasdaq Composite rose 27.5 points, or 0.18%, to 15,295.441 at the opening bell. – Reuters
- 19:57 | April 9, 2025
US-China Tariff War Live Updates: China issues risk alert for tourists travelling to US
China on Wednesday issued a risk alert for Chinese tourists travelling to the U.S., according to a statement from the culture and tourism ministry.
The ministry said it reminded Chinese tourists to assess the risks of travelling to the U.S. and travel with caution, citing recent “deterioration of China-U.S. economic and trade relations and the domestic security situation in the U.S.”. – Reuters
- 19:56 | April 9, 2025
US-China Tariff War Live Updates: Trump can likely reach tariff deals with US allies, Bessent says
US Treasury Secretary Scott Bessent on Wednesday said he thinks the Trump administration can reach tariff deals with US allies as he prepares to lead negotiations with more than 70 countries in coming weeks, warning that moves to align more closely with China could backfire.
Bessent, speaking to an American Bankers Association conference in Washington, said he would take a lead negotiating role in negotiations over President Donald Trump’s tariffs.
He added that despite financial market turmoil, “in general, the companies I’ve spoken to, people who have come, the CEOs, who have come into Treasury, tell me that the economy is very solid.” – Reuters
- 19:55 | April 9, 2025
US-China Tariff War Live Updates: The trade restrictions, imposed by China, are mainly targeted at US firms that supply the Pentagon and federal government agencies.
- 19:54 | April 9, 2025
US-China Tariff War Live Updates: China slaps restrictions on 18 US firms over Trump tariffs
China’s commerce ministry slapped restrictions on more than a dozen US defence firms on Wednesday after President Donald Trump made good on his threat to impose an additional 50 per cent tariff on Chinese imports.
Beijing added 12 US companies to a control list that prohibits exports of dual-use items and another six to its “unreliable entities” list, which allows Beijing to take punitive actions against foreign entities, according to commerce ministry statements.
- 19:49 | April 9, 2025
US-China Tariff War Live Updates: Trump Urges Calm After Tariffs Imposed, Says ‘Great Time to Buy’
President Donald Trump urged Americans to remain calm and continue investing on Wednesday as his sweeping reciprocal tariffs hit, in an indication the White House was closely monitoring market reaction to the levies.
“THIS IS A GREAT TIME TO BUY,” Trump said Wednesday in a post to his social media site. The president also encouraged his followers to “BE COOL” and added his prediction that “everything is going to work out well.”
“The USA will be bigger and better than ever before,” he said.
- 19:29 | April 9, 2025
US-China Tariffs War Live Updates: U.S.-listed shares of Chinese firms shed a bulk of their premarket gains after China announced retaliatory tariffs.
- 19:29 | April 9, 2025
U.S.-listed shares of Chinese firms shed a bulk of their premarket gains after China announced retaliatory tariffs.
- 18:51 | April 9, 2025
US-China Tariffs War Live Updates: Wall St to open sharply lower as China raises more barriers on US goods
Wall Street’s main indexes were set to open sharply lower on Wednesday after China announced more levies on US goods, retaliating to President Donald Trump’s reciprocal tariffs that took effect earlier in the day. – Reuters
- 18:48 | April 9, 2025
US-China Tariffs War Live Updates: Amid tariff turmoil, Trump claims world leaders dying to make trade deals with US
President Donald Trump claimed world leaders were “dying to make a deal” with the US and would do anything to secure a pact on tariffs.
“I am telling you, these countries are calling us up, kissing my ass,” Trump said during a speech at the National Republican Congressional Committee dinner on Tuesday.
The president, who imposed a wide range of tariffs on various countries and triggered a global trade war, said: “They are dying to make a deal. ‘Please, please sir, make a deal. I’ll do anything sir’.” Many new tariffs, announced by Trump on April 2, took effect on Wednesday morning. – PTI
- 18:29 | April 9, 2025
US-China Tariffs War Live Updates: Analysts said Beijing is feeling cornered by Trump’s intensifying tariff assault on China and any country that buys or assembles Chinese goods.
- 18:27 | April 9, 2025
US-China Tariffs War Live Updates: China should also stimulate business vitality and further resolve financing difficulties for companies, Li said.
- 18:27 | April 9, 2025
US-China Tariffs War Live Updates: China’s premier Li said, “we must be soberly aware that external shocks have put some pressures on the smooth operation of the economy.”
- 18:25 | April 9, 2025
US-China Tariffs War Live Updates: China’s top leaders plan to convene a meeting as early as Wednesday to discuss measures to boost the economy and stabilise the capital markets. – Reuters
- 18:23 | April 9, 2025
US-China Tariffs War Live Updates: China must act swiftly on macro policies, says Premier Li
China needs to implement more proactive macroeconomic policies and roll them out in a timely manner as “external shocks” have put pressures to China’s economic stabilisation, Premier Li Qiang said on Wednesday, according to state media. – Reuters
- 18:21 | April 9, 2025
US-China Tariffs War Live Updates: The Trump administration has accused China of erecting non-tariff barriers that disadvantage American exports and companies.
- 18:19 | April 9, 2025
US-China Tariffs War Live Updates: Fentanyl has become a flashpoint in US-China relations, with Trump accusing Beijing of having done too little to stop its precursors from entering the US.
- 18:19 | April 9, 2025
US-China Tariffs War Live Updates: Trump has yet to speak with his Chinese counterpart, President Xi Jinping, more than two months after his inauguration.
- 18:19 | April 9, 2025
US-China Tariffs War Live Updates: Tensions have spiraled between Washington and Beijing since Trump returned to the White House in January.
- 18:18 | April 9, 2025
US-China Tariffs War Live Updates: China has branded Trump’s decision to escalate tariffs this week a “mistake on top of a mistake”.
- 18:18 | April 9, 2025
US-China Tariffs War Live Updates: US equity futures fell about 1.7 per cent after China announced new tariffs on US goods.
- 18:17 | April 9, 2025
US-China Tariffs War Live Updates: China said it would sue the US at the World Trade Organization.
- 18:16 | April 9, 2025
US-China Tariffs War Live Updates: China’s move came hours after Trump’s sweeping measures went into force, taking the cumulative rate announced this year to 104 per cent.
- 18:16 | April 9, 2025
US-China Tariffs War Live Updates: The latest Chinese countermeasures are effective April 10, according to a government statement Wednesday.
- 18:14 | April 9, 2025
US-China Tariffs War Live Updates: China raises tariffs on US goods to 84% in fresh retaliation
China raises tariffs on US goods to 84% in fresh retaliation
China and US escalate trade war with increasing tariffs on each other’s goods, reaching up to 104%.
Published on April 9, 2025
