India Morning News
In a major escalation of the U.S.-China trade conflict, the Chinese government has announced an 84% tariff on goods imported from the United States, effective April 10, 2025. This action follows the 104% tariff recently imposed by the United States on Chinese imports and marks a significant deterioration in trade relations between the two largest global economies.
The new Chinese tariffs will target a wide array of sectors, including agriculture, pharmaceuticals, and aircraft manufacturing, potentially impacting global supply chains and market stability.
During a press briefing today, U.S. Treasury Secretary Sarah Bessent signaled that Washington is considering further retaliatory steps. When asked about the possibility of delisting Chinese firms from U.S. stock exchanges, Bessent stated, “Everything’s on the table,” suggesting a potential shift toward deeper financial decoupling.
Adding to the volatility, the Chinese yuan has fallen to its lowest level in 18 years, reflecting investor anxiety and rising capital outflows amid the growing economic standoff. Analysts warn that prolonged instability could have far-reaching consequences for international markets and bilateral relations.
Further updates will follow as the situation evolves.
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