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Kenya's economy faces climate change risks: World Bank
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'For sure': Macron to preach stronger Europe vision at G7 swansong
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Crude prices plunge, stocks surge on US-Iran peace deal
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Starbucks Korea to shutter outlets for history lessons after 'Tank Day' fiasco
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Courts cracking down on error-strewn AI-assisted legal briefs
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Bitter communion: Cuban priests ordered to ration mass wafers
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In crisis-hit Cuba, World Cup offers brief respite
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UK intercepts Russian shadow fleet vessel in Channel
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London, Tokyo agree $24-bn investment deal
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Indonesian economy comes up for air but struggles to win back investors
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Trump says US-Iran deal to be signed Sunday, Hormuz to open after
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Between Trump and a hard place: Fed chair Warsh to lead first rate meeting
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High-school drop out to big time crime boss, Venezuela's 'Nino Guerrero'
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US-Iran deal could be finalised soon, mediator Pakistan says
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Thousands gather in Thai capital to mourn late princess
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US says downed multiple Iran drones as both insist deal closer
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SpaceX: Five key moments, from first launch to Starship megarocket
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US clears Paramount's $111 bn Warner Bros. takeover
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Iran and US say deal closer than ever
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Cuba opens more sectors to private business
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World Cup struggles to ignite US excitement
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US appellate court upholds Sam Bankman-Fried criminal sentence
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France bids farewell to girl, 11, whose killing sparked outrage
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Wall Street wobbles as SpaceX shares launch, oil slides on Mideast deal hopes
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SpaceX lifts off in record Wall Street debut
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US deportation flight carrying Iranians en route to C.African Republic
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At a Libyan university once ravaged by war, students dream again
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Kenya mourns schoolgirls killed in suspected dorm arson attack
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Stocks rally, oil slides on Mideast deal hopes
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'All of us of are migrants,' pope says in Canary Islands
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Switzerland split on immigration vote: four perspectives
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Thai princess dies aged 47 after three years in hospital
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Science fiction? Musk's lofty SpaceX goals unrealistic, skeptics say
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Asia stocks up, oil down on Mideast deal hopes
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From cage fights to the White House, UFC marches into mainstream
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Pope ends Spain visit with migrant meetings
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Ex-Tottenham owner sells art collection in blockbuster auction
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Antarctic Peninsula sees record high June temperatures
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US stocks rally, oil prices fall as Trump calls off fresh Iran strikes
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SpaceX to make historic IPO that could make Musk a trillionaire
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El Nino is back, but its effects vary widely
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First leather bag from T-Rex cells to be auctioned in Paris
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Four times as many icebergs calved from Greenland glaciers: study
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Stocks rebound, oil wavers as traders weigh Iran, rates outlook
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Niger criminalises same-sex relations with jail terms
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Smuggled dinosaur fossils return to Mongolia after two decades
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Over 260 Nigerians fleeing xenophobic attacks in S. Africa return home
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Pope condemns 'indifference' towards migrants on Canaries trip
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Sweden withdraws controversial proposal to jail 13-year-olds
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Economic pressures 'manageable': Indonesian deputy finance minister
China Strikes Back: Tariff War
The 45th and now 47th President of the United States, Donald Trump (78), who is increasingly distinguishing himself as an autocrat in his political actions, has triggered a new escalation in the trade war between the two economic powers with his announcement of high tariffs on imports from China.
In a bold and unyielding response to US President Donald Trump’s aggressive tariff policies, China has unleashed a powerful countermeasure: a hefty 34% tax on all US goods entering its borders. This sharp escalation in the trade conflict signals China’s readiness to play hardball, pushing back against Trump’s economic offensive with equal force. The move is poised to send shockwaves through the global economy, with far-reaching consequences for both nations.
The stakes are high. In the United States, the ripple effects of China’s retaliatory tariffs could soon be felt on store shelves, as imported goods become scarcer and more expensive. Empty shelves may become a stark reality for American consumers, putting Trump in an increasingly defensive position. His tariff strategy, once wielded as a hammer to reshape global trade, now faces a formidable counterstrike that threatens to undermine its effectiveness.
Beyond the immediate impact, the broader outlook is grim. Experts caution that this tit-for-tat trade war could tip the world into a global recession, with economic damage rippling across continents. Businesses on both sides are bracing for uncertainty, as supply chains falter and costs rise. For China, the tariffs are a calculated gambit—a show of strength meant to protect its economic interests while challenging Trump’s dominance in this high-stakes showdown.
As the trade war intensifies, the world watches closely. China’s hardline stance marks a pivotal moment, one that could redefine the economic landscape for years to come.
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