Economic_News
Trump tariffs spark shock US bond sell-off
The cost of borrowing for the US government rose as confidence in the economy waned
China announces 84% tariffs on all US goods in response to Trump’s 104%
Stock markets fall further in UK, Germany, France and Spain as trade war escalates, after China says it will not ‘sit idly by’
China has announced new tariffs of 84% on imports of all US goods, in a move that sent stock markets falling further and will raise fears of further escalation of Donald Trump’s trade war.
The Chinese ministry of finance said on Wednesday that it would impose 84% tariffs on US goods from Thursday, up from the 34% previously announced.
China retaliates with 84% tariffs on US goods as Trump trade war rattles markets – business live
Stock markets down in UK and across Europe after steep declines in Asia as Donald Trump presses ahead with huge 104% tariffs on China
- Full report: Trump unleashes new wave of tariffs
- Dispatch: The view from Yiwu, China’s biggest wholesale market
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.