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China threatens retaliation

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USA TODAY |
"You have a situation with TikTok where China will probably say: 'We'll approve a deal, but will you do something on the tariffs?'"
Reuters |
U.S. President Donald Trump disrupted a global trading system that had been in place for over 75 years by introducing a new baseline 10% U.S. tariff on goods from all economies.
The New York Times |
The countries with the world’s biggest economies reacted swiftly on Thursday to President Trump’s latest round of tariffs, warning that the levies were risking an all-out trade war that could upend t...

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China's TikTok approval may lead to US tariff reductions, says Trump
Speaking to reporters aboard Air Force One, Trump used TikTok as an example of how tariffs can be used to negotiate with other countries.
Lawsuit Challenges Trump’s Legal Rationale for Tariffs on China
A nonprofit group said the president misapplied a law in imposing those levies and portrayed its filing as the first lawsuit to challenge the Trump administration over its tariffs.
China threatens retaliation after Trump hits it with highest U.S. tariff on any country
China said Thursday it would take all “necessary measures” to protect its legitimate interests after it was hit particularly hard by President Donald Trump’s sweeping tariffs on U.S. trading partners around the world.
The list of proposed US tariffs
This is the list of tariff rates above 10% imposed on countries released in the Annex of the executive order by the White House:
Trump signs sweeping new global tariffs
President Donald Trump has signed sweeping tariffs of at least 10% on practically all goods coming into the United States, plus even higher rates on dozens of countries that have the highest trade deficits with the United States.
Mortgage Rate Predictions for April: How Tariffs Will Impact Spring Homebuying
Mortgage interest rates could see volatility with the increased risk of a global trade war and recession. On Wednesday, President Trump announced an aggressive wave of reciprocal tariffs on multiple countries and a 10% universal import tax.
Live Updates: China and Europe Vow to Respond to Trump’s Tariffs
Investors’ shock at the size of the levies sent markets in Asia sharply lower. Experts warned that the global economy could be upended.
Trump just massively escalated his trade war. Here’s what he announced
President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession.
UK stocks slide as Trump's tariffs spark global recession fears
London shares fell on Thursday as investors worldwide abandoned risky assets following U.S. President Donald Trump's announcement of aggressive reciprocal tariffs, stoking widespread fears of a global recession.

China concludes 2-day war games around Taiwan

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USA Today |
China's military concluded two-day war games around Taiwan in which it held long-range, live-fire drills in the East China Sea, marking an escalation of exercises around the island.
Reuters |
"The UK reaffirms our clear interest in peace and stability in the Taiwan Strait, which is of critical importance to global prosperity, and our support for a free and open Indo-Pacific."
Reuters |
Taiwan's government denounced the drills and called China a "troublemaker". The exercises also drew concern from the United States, Japan, European Union and Britain.

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China concludes two-day war games around Taiwan after live fire drills
China's military concluded two-day war games around Taiwan in which it held long-range, live-fire drills in the East China Sea, marking an escalation of exercises around the island.
China’s military launches live-fire exercise in escalation of blockade drills near Taiwan
The Chinese military staged a second day of exercises around Taiwan on Wednesday, launching live-fire strikes in the East China Sea and practicing blockade operations near crucial shipping lanes to the east and west of the island.
China carries out live fire drills in East China Sea in escalation of Taiwan exercises
China's military held long-range live-fire drills in the East China Sea on Wednesday in an escalation of ongoing drills around Taiwan, saying it was practicing precision strikes on port and energy facilities but with no details on the exact location.
UK expresses concern over Chinese military exercises around Taiwan
Britain on Wednesday joined the U.S., European Union and Japan in expressing concern over Chinese military exercises around Taiwan, calling for restraint and to avoid actions that undermine peace in the region.
What to know about China's war games around Taiwan over the years
China launched its latest round of war games around Taiwan on Tuesday, saying on Wednesday they were code-named "Strait Thunder-2025" and were a "stern warning" against separatism.
China’s Military Exercises Around Taiwan Enter Second Day
The drills came after Taiwan’s president, Lai Ching-te, announced measures to counter China’s influence and espionage. Beijing also wants to send a message to Washington, analysts said.
Taiwan details surge in Chinese activity on last day of war games
Taiwan's defence ministry on Thursday detailed a surge in Chinese military activity as Beijing wrapped up a second day of war games overnight Wednesday, saying it had detected 59 warplanes and 23 navy ships operating around the island.
China says ends two-day Taiwan drills with simulated strikes on key ports, energy sites
China's military on Wednesday said it had completed two days of live-fire exercises that included simulated strikes on key ports and energy sites aimed at Taiwan, the self-ruled island it
China holds second day of large-scale military drills around Taiwan
China's military on Wednesday said it was continuing a large-scale military exercise around the island of Taiwan.
AppLovin bids for TikTok in all markets outside of China
Marketing platform AppLovin said on Thursday it has submitted a bid for TikTok assets outside of China, ahead of the April 5 deadline set by U.S. President Donald Trump to find a non-Chinese buyer for the short video app used by 170 million Americans.
US trade imbalance with China: What is a trade deficit vs trade surplus? Why it matters
US has highest trade deficit in the world. Who has highest trade surplus? Here's what trade imbalance and reciprocal tariffs mean and why it matters
The Economist15h
China and America are racing to develop the best AI. But who is ahead in using it?
America or China? Speculation is at fever pitch. The world’s most famous artificial-intelligence company, OpenAI, is American. Models produced by DeepSeek, a Chinese competitor, are almost as good—and cheaper.
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China Credit Rating Gets Downgraded by Fitch
Fitch Ratings cut China's credit rating, citing ​"rapidly rising public debt" in the world's second-biggest economy. Fitch said this week's increase in U.S. tariffs wasn't the trigger, but cited "uncertainty about their impact.
Can Trump's tariffs and a trade war with China correct years of imbalance, or just bring misery all around?
As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.
The Economist17h
How America could end up making China great again
China has come out badly from Mr Trump’s Rose Garden rant. Counting the new levy of 34%, plus existing duties, the total rises to 65%—and slightly higher if you include the disruptive removal of a tariff exemption for small packages.
Trump Took a Wrecking Ball to Southeast Asia’s Role as an Alternative to China
Punishing tariffs on Vietnam, Cambodia, Thailand and others in the region threaten their position as major manufacturing hubs for the American market.
Map Shows New Alliances Growing on China's Doorstep
At the heart of this shift is the Philippines, which faces persistent Chinese incursions into its exclusive economic zone (EEZ). General Romeo Brawner Jr., head of the Philippines' Joint Chiefs of Staff, reported an average of 286 Chinese vessels operating daily last year within the EEZ, up from 190 in 2021. ​
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