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Trump tariffs day 8 as it happened: China increases retaliatory tariffs on US imports to 125%; US stocks close higher after late rally

Financial Times LogoFinancial Times1w ago

Trump tariffs day 8 as it happened: China increases retaliatory tariffs on US imports to 125%; US stocks close higher after late rally - Financial Times

Quick Summary:

Chad Bown, a senior fellow at Peterson, included the recent 125 per cent “reciprocal” tariff, along with Trump’s earlier 20 per cent tariff on Chinese imports in response to fentanyl trafficking, and levies on steel, aluminium and cars in the calculation, as well as all existing US tariffs on China.

The dollar fell again on Friday morning, down 1.4 per cent against a basket of peers.“US efforts to reduce the trade deficit implicitly reduce the stock and flow of US dollars in the rest of the world,” said Ramjee said.

Donald Trump’s escalating trade war with China has increased the average US tariff on imports from the Asian country to 134.7 per cent, according to new analysis from the Peterson Institute for International Economics.

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Article Details

Author / Journalist: Maxine Kelly

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 22:48:28 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 5271 words

Reading Time: 30 minutes read

Sentences: 182 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 27844131

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 8 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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