logo
Kids may get 2 dolls in US, but China will suffer from trade war: Trump

Kids may get 2 dolls in US, but China will suffer from trade war: Trump

Donald Trump, through his remarks, has tried to reassure Americans that the tariffs will not result in a recession
Swati Gandhi New Delhi
US President Donald Trump on Wednesday (local time) said that China would continue to suffer from his trade war, even if it means that American kids may get only two dolls instead of 30, reported the Associated Press.
The US President assured Americans that his tariffs will not result in a recession, while acknowledging that they could result in fewer and costlier products.
According to the UN's COMTRADE database, China continues to be the dominant supplier of toys to the US market. In 2024, the US imported nearly $32.04 billion worth of toys, games, and sports requisites from China.
Trump's remarks come after data from the Commerce Department revealed that the US economy contracted at an annual rate of 0.3 per cent during the first three months of 2025, which also aligns with Trump's first 100 days in office.
The decline in the US economy was due to the increase in imports as companies rushed to bring in goods before tariffs on autos and other imports came into effect, the report said.
Trump informed his Cabinet that his tariffs on China implied that the latter was having difficulty because their factories were not doing business. He further claimed that the US did not need imports from the world's dominant manufacturer.
China exposes luxury goods market
Trump tariffs
Trump announced reciprocal tariffs on over 100 countries on April 2. While most countries tried to negotiate a trade deal with the US to avoid the reciprocal tariffs, China retaliated and engaged in a trade war with the US. On April 9, Trump announced a 90-day pause on these tariffs, however, he excluded China.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Those who spoke bravely are all dead': Donald Trump says he gave Iran 60-day ultimatum; warns 'it will only get worse' as Israel holds lethal US weapons
'Those who spoke bravely are all dead': Donald Trump says he gave Iran 60-day ultimatum; warns 'it will only get worse' as Israel holds lethal US weapons

Time of India

time31 minutes ago

  • Time of India

'Those who spoke bravely are all dead': Donald Trump says he gave Iran 60-day ultimatum; warns 'it will only get worse' as Israel holds lethal US weapons

A major flashpoint in the Middle East erupted into open military confrontation overnight, with Israel launching its most expansive airstrikes on Iran in decades, targeting the country's military command and nuclear infrastructure. In a dramatic twist, US President Donald Trump claimed credit for setting the stage, citing a 60-day ultimatum he says he gave Iran, even as his own officials denied direct American involvement in the operation. 'Today is Day 61': Trump ties himself to Israeli strikes Despite earlier statements by senior Trump administration figures, including secretary of state Marco Rubio , distancing the US from the Israeli attack, Trump took to Truth Social on Friday to suggest the strikes followed a countdown he had initiated. "Two months ago I gave Iran a 60-day ultimatum to 'make a deal,'" Trump wrote. "Today is day 61. I told them what to do, but they just couldn't get there. Now they have, perhaps, a second chance!" In another lengthy post, Trump described warning Iran in "the strongest of words" and claimed Iranian commanders "didn't know what was about to happen. They are all DEAD now, and it will only get worse!" He added, "There has already been great death and destruction, but there is still time to make this slaughter... by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo come to an end. Iran must make a deal, before there is nothing left." Israel's Operation Rising Lion Early Friday, Israeli fighter jets and drones struck key Iranian military and nuclear facilities in what Israeli PM Benjamin Netanyahu dubbed "Operation Rising Lion." The strikes killed six top nuclear scientists and several senior military commanders. Israeli officials declared the operation a necessary pre-emptive strike to dismantle Iran's weapons capabilities. "This operation will continue for as many days as it takes," Netanyahu said in a video message, warning of further action against the Iranian regime. Iran retaliates Within hours, Iran responded with a heavy barrage of ballistic missiles aimed at Israeli cities including Tel Aviv and Jerusalem. Explosions echoed across central Israel into early Saturday as missile defense systems were activated and civilians were urged to take shelter. The Islamic Revolutionary Guard Corps (IRGC) said it targeted military airbases and weapons production centers that were 'sources of the criminal aggression.' A senior Iranian official told CNN, 'Everyone will feel it,' referencing further possible retaliation and threats to strike regional bases of any nation that aids Israel. Trump walks a fine line While Trump openly praised the Israeli operation—calling it "excellent" in remarks to ABC News—he continued to insist the US played no active military role. "We gave them a chance, and they didn't take it. They got hit—very hard. And there's more to come. A lot more," he told to ABC News. Still, the mixed signals out of Washington have raised eyebrows. Just a day earlier, Trump had called for peaceful diplomatic resolution with Iran.

We knew everything, still hopes for nuclear deal: Trump on Israel's Iran strikes
We knew everything, still hopes for nuclear deal: Trump on Israel's Iran strikes

India Today

time35 minutes ago

  • India Today

We knew everything, still hopes for nuclear deal: Trump on Israel's Iran strikes

US President Donald Trump confirmed on Friday that his administration had advance knowledge of Israel's strikes on Iran, calling the raids 'excellent' and 'very successful' while insisting that it's still 'not too late' for Tehran to return to the negotiating table on its nuclear program.'We knew everything,' Trump told Reuters in a phone interview, referring to Israel's air campaign that targeted key Iranian nuclear and military facilities. 'I tried to save Iran humiliation and death. I tried to save them very hard because I would have loved to have seen a deal worked out.'advertisementDespite months of urging Israeli Prime Minister Benjamin Netanyahu to delay an attack to allow time for diplomacy, Trump expressed full support for Israel's decision to act. 'We've been very close to Israel. We're their number one ally by far,' the president said, emphasizing Washington's backing while also appearing unfazed by the risk of wider war. 'We'll see what happens,' he added when asked about the potential for regional Israeli fighter jets bombed Iran's Natanz nuclear complex, ballistic missile factories, and military headquarters in the largest Israeli air operation in recent history, Trump was quick to endorse the outcome. The offensive, named Operation Rising Lion, drew both praise and concern globally.'They can still work out a deal, however, it's not too late,' Trump reiterated, striking a diplomatic tone even as missiles lit up skies over Jerusalem and Tel Aviv in Iran's retaliatory Friday, two senior US officials confirmed that American forces helped intercept Iranian missiles aimed at Israeli growing fears of a broader Middle East war, Trump dismissed the notion that Israel's actions had destabilized the region. Instead, he emphasized strength and deterrence. 'We support Israel. Period,' one White House official said.(With inputs from Reuters)Tune InMust Watch

Iran launches hundreds of ballistic missiles on Israel as conflict widens
Iran launches hundreds of ballistic missiles on Israel as conflict widens

Business Standard

time42 minutes ago

  • Business Standard

Iran launches hundreds of ballistic missiles on Israel as conflict widens

Iran fired hundreds of ballistic missiles against Israel following an unprecedented direct attack on its nuclear facilities, ramping up a conflict between sworn enemies that threatens to engulf the Middle East and disrupt global oil supplies. Multiple waves of missiles targeting Israeli cities amount to the most forceful step yet by Tehran since Israel's overnight raids killed top Iranian generals and badly damaged key military infrastructure. Israel said it identified missiles launched from the Islamic Republic and reported explosions from interceptions and falling debris from incoming projectiles. There was dramatic video footage of at least one large explosion in Tel Aviv, and reports of explosions over Jerusalem. The extent to which Israel's air defenses were pierced remains to be seen, with US forces helping to intercept and shoot down Iranian attacks. Markets took another hit from the surge in tensions: The S&P 500 lost over 1 per cent, wiping out this week's advance. West Texas Intermediate crude futures surged more than 7 per cent, the most since March 2022. Gold and the dollar rose. When the pair targeted each other last year, there was a greater time lag and a sense that after an exchange of fire, there would be a dé​tente. This time, Israel has indicated this is an operation that could last weeks. This poses an existential problem for Iran, and a question of whether it can match its fiery rhetoric with actions. Israel has dramatically exposed its weaknesses, decimated its proxies and taken out key leaders. Additional escalations — particularly any targeting of American military or diplomatic facilities in the region — could rally domestic political support, but could dramatically intensify the conflict. It was unclear if Tehran was entertaining last-resort options such as blocking the Strait of Hormuz, one of the world's most vital oil arteries, in a scenario that investors fear the most. Iran's Supreme Leader Ayatollah Ali Khamenei vowed to 'act forcefully' in a pre-recorded video message carried by state TV. His statement was released after Iran started its retaliation. Unlike previous responses, this one came much faster. Given Israeli Prime Minister Benjamin Netanyahu has followed through on his long-promised threat to dismantle Iran's nuclear program, Iran was feeling the pressure to find a commensurate answer. So far, Israel has chosen to keep the US out of the conflict — a decision that an analysis by Bloomberg Economics suggested was the most likely since Tehran can't afford to go to war with the world's biggest economy and mightiest military. The backdrop are indirect nuclear talks between the Islamic Republic and the US, with a sixth round of negotiations scheduled to take place on Sunday. But the damage to its standing in the region is real. The head of the Islamic Revolutionary Guard Corps, Hossein Salami, and the military's chief of staff, Mohammad Bagheri, were both killed in Israeli strikes. At least two other senior IRGC members also died and several nuclear facilities were targeted. Iran informed the International Atomic Energy Agency that Israel struck the nuclear sites at Fordow and Isfahan as part of its wave of attacks in the last 24 hours, Director General Rafael Mariano Grossi told the UN Security Council on Friday. Grossi said the IAEA doesn't have information beyond indications that military activity took place around those facilities. But the move is important — if the facility at Isfahan is disabled, it would seriously crimp Iran's ability to enrich uranium in large volumes. Israel 'should not think that it is over. We won't allow them to escape unscathed from this great crime they have committed,' Khamenei said. But the Iranian supreme leader's terse statement shows Iran is probably not prepared to make any concessions. Iran's Foreign Minister Abbas Araghchi said Friday's attacks have derailed diplomacy. Meanwhile, with the Group of Seven leaders gathering in the Canadian Rockies, the attention will focus on how US President Donald Trump will react — or not. Going into the summit, there was a common desire to keep fraught geopolitical issues off the table but that will be difficult to do given the knock-on effects of a spike in oil prices on inflation and energy exports. Given the region is such a big crossroads for shipping of not just oil but consumer goods, any all-out war will further strain a global trading system disrupted by the trade wars. For his part, Trump gave brief telephone interviews to a smattering of journalists, particularly those from cable news networks, but otherwise didn't take to the cameras to make public remarks. The White House said Trump was not expected to emerge Friday night, though he could always turn to social media or additional interviews with the media. On Saturday, Trump's 79th birthday, he's scheduled to host a military parade ostensibly to celebrate the US Army's 250th year. He took to social media to warn Iran to make a deal 'before it is too late.' Come Saturday, the extent of the damage on both sides will come into focus. Israel said more than 200 aircraft participated in the operation that targeted around 100 locations across Iran. At least 95 people were wounded and several residential buildings in Tehran's suburbs were hit, according to Iranian media. Iran's ambassador to the United Nations said 78 people were killed in the attacks. One woman was killed in the Tel Aviv area, a police spokesman in Israel said. Netanyahu and Trump spoke by phone Friday to discuss the conflict, according to a White House official. The US has said it did not play a role in Israel's initial volley, and warned Iran against retaliation against American service members. The US role assisting Israel's aerial defense is customary, but what it does next will be critical.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store