China’s new tariffs on US goods take effect as Asian markets rally after Trump’s tariff reversal – business live

China’s new tariffs on US goods take effect as Asian markets rally after Trump’s tariff reversal – business live
By: The Guardian Posted On: April 10, 2025 View: 9

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, were due to come into effect on ThursdayRead the latest full reportChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

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