China Raises U.S. Tariffs To 125%—Xi Urges EU To Back Beijing's Pushback Against ‘Unilateral Bullying'
China raised its tariffs on all U.S. imports to 125% on Friday in retaliation against the Trump administration's latest escalation on the matter, as the country's President Xi Jinping commented on the escalating trade clash for the first time and urged the European Union to side with it in pushing back against Washington.
China's President Xi Jinping and Spain's Prime Minister Pedro Sanchez arrive to a bilateral meeting ... More at Diaoyutai Guest House in Beijing.
Beijing's State Council Tariff Commission announced it was raising its tariffs on all U.S. imports from 84% to 125% as a tit for tat response against President Donald Trump's decision to raise 'reciprocal tariffs' China to the same level on Wednesday.
While announcing the latest tit-for-tat hike, Chinese officials said they do not plan to respond to any further escalations in the tariff rate by the U.S., saying the 'abnormally high tariffs' violate international trade rules and 'common sense.'
The announcement comes shortly after Chinese President Xi Jinping publicly commented on the escalating trade clash for the first time while meeting Spanish Prime Minister Pedro Sanchez in Beijing.
Xi reiterated his country's stance that 'There is no winner in a tariff war,' the state-controlled Xinhua News Agency reported.
The Chinese President also urged the European Union to side with Beijing and jointly 'oppose unilateral bullying practices.'
This is a developing story.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
33 minutes ago
- Business Upturn
Sona BLW shares fall nearly 2% after Bernstein downgrades stock
By Aditya Bhagchandani Published on June 10, 2025, 09:24 IST Shares of Sona BLW Precision Forgings Ltd fell as much as 1.9% on Tuesday, trading at ₹514.35 as of 9:21 AM IST, down ₹7.00 from the previous close of ₹521.35. The decline follows a downgrade from brokerage firm Bernstein, which revised its rating on the stock to 'Market Perform' from 'Outperform'. The downgrade comes amid growing near-term risks that Bernstein highlighted, including tensions between U.S. President Donald Trump and tech billionaire Elon Musk, as well as ongoing trade issues between the U.S. and India. The brokerage also expressed concerns about the increasing competitiveness of Chinese OEMs in the global electric vehicle (EV) supply chain. Bernstein noted that Sona BLW has significant exposure to the U.S. market and a large portion of its order book is concentrated in EV components, making it vulnerable to geopolitical disruptions and sectoral headwinds. The stock's recent pressure comes despite its strong year-range performance between ₹380 and ₹768.65, with a market cap of ₹318.23 billion and a P/E ratio of 51.67. Sona BLW remains a key player in the EV component space, but analysts now suggest a cautious outlook amid global macro uncertainties. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hamilton Spectator
37 minutes ago
- Hamilton Spectator
Filipino forces and villagers struggle to live in China's shadow in disputed waters
WEST YORK ISLAND, South China Sea (AP) — Overwhelmed after setting foot for the first time on a far-flung but picturesque island in the disputed South China Sea, a Filipino army official knelt to kiss the shore. She held a small Philippine flag that fluttered in the breeze. 'This is just so beautiful,' Philippines military spokesperson Col. Francel Margareth Padilla said of West York Island, one of nine islands, reefs and atolls occupied by Filipino forces in the long-contested waters. 'This solidifies our resolve to fight for this place whatever happens.' The 18.6-hectare (46-acre) droplet-shaped island, called Likas by Filipinos, could easily become an eco-tourism draw in tropical Asia with its powdery white-sand beaches, turquoise waters and giant sea turtle sanctuaries. Padilla expressed hope it could someday be opened to Filipino travelers and tourists from across the world. But that longstanding aspiration by Philippine officials has been stymied by a tangle of territorial conflicts involving a militarily superior China . Beijing claims virtually the entire South China Sea, a vital global trade route with rich undersea deposits of gas and oil. It has increasingly flexed its military might, including its navy — the largest in the world — to strengthen its grip on a strategic waterway it says it has owned since ancient times. The Philippines, Vietnam , Malaysia, Brunei and Taiwan contest China's expansive claims with their own, and the territorial stand-offs have increasingly flared into cat-and-mouse confrontations at sea in recent years. The long-simmering disputes are also a delicate fault line in the regional rivalry between Beijing and Washington . Both former President Joe Biden and his successor, Donald Trump , have condemned China's growing aggression in the contested waters, including its coast guard's use of powerful water cannons, blinding military-grade lasers and dangerous sea maneuvers against the coast guard and navy of the Philippines, Washington's oldest treaty ally in Asia. Under President Ferdinand Marcos Jr. , who took office in mid-2022, the Philippines has intensified a campaign to expose China's increasingly assertive actions by capturing them in video and photographs. The images have then been made public in the hope that international pressure would prompt Beijing to back down to avoid damage to its reputation. The Philippine military invited a small group of journalists, including two from The Associated Press, in a dayslong naval patrol of the South China Sea territories claimed by Manila and on visits to navy and marine forces deployed to guard them. During the patrol, which ended over the weekend, the BRP Andres Bonifacio navy ship carrying the journalists warned a number of Chinese coast guard ships and suspected Chinese militia vessels by two-way radio to move away from Philippines-claimed waters. The Chinese ships responded by asserting their sovereignty in the offshore region without undertaking any provocative actions. On West York Island, two Filipino marines in camouflage uniforms stood guard with M4 assault rifles under a Philippine flag. One used binoculars to scan the surrounding waters for Chinese or Vietnamese ships passing by from a distance. One of the farthest islands in the disputed waters from the nearest Philippine province of Palawan, West York is a difficult and risky post, where Filipino forces see nothing beyond the small island but sea. Military personnel can occasionally call their loved ones during their two-month deployment, but the internet connection is spotty, especially during the typhoon season that starts in June, according to military personnel on the island. They grow eggplants, okra and chili peppers and raise goats and chickens to augment food provisions delivered by navy ships from Palawan. There is a makeshift basketball court to help while away off-duty time and ease the feeling of isolation. 'It's being away from your family,' Padilla said. 'At the end of the day, you go home to an empty room.' Marine Col. Joel Bonavente, who was among the visiting military officials, told AP that military personnel posted in the remote outpost get additional pay to compensate for the 'hazard and loneliness.' On Thitu, the largest Philippines-claimed island, which lies west of West York, civilians have thrived for decades in a small fishing village alongside the military forces. An AP journalist who visited Thitu several years ago saw an island with only a few low-slung wooden and concrete buildings and a gravel airstrip that was being eroded by the constant pounding of waves. There were a few shanties mainlanders had moved to from Palawan in exchange for a monthly government provision of groceries, rice and cash in a bid to grow a civilian community. Dramatic infrastructure improvements have occurred through the years on the 37.2-hectare (92-acre) island, which now has a concrete runway, a huge aircraft hangar, a wharf, a storm shelter and concrete roads running through the fishing village, military encampments and a three-story coast guard surveillance center. A high school building is nearly finished near a seawater desalination facility. 'I want to stay on this island because my blood pressure remains stable without the wide selection of fatty food you find in the city like hamburgers,' said Nenita Bania, a 59-year-old villager who has lived with her husband on Thitu for 12 years. 'Lonely? Not really. It's not the case if you're with family,' she told the AP aboard an air force C-130 aircraft, as she and other villagers hitched a ride back to Thitu from Palawan province. Living in China's shadow in the disputed waters, however, has been challenging, said Larry Hugo, 47, who leads a group of at least 114 fishermen. More than a decade ago, China transformed seven disputed South China Sea reefs into island bases, where Chinese coast guard and navy ships can now refuel and obtain supplies for longer periods far from the Chinese mainland. One of China's artificial islands, Subi, has a military-grade runway and lies just 26 kilometers (16 miles) from Thitu. 'There were no Chinese ships before but now it's a big problem because they are all around our island,' Hugo said. 'They're guarding the reefs where we used to fish, and they block us so we can't venture far.' 'It's very dangerous,' he said. 'We have small boats and we may be run over and that'll be a big problem because we're far from civilization.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
40 minutes ago
- Yahoo
Filipino forces and villagers struggle to live in China's shadow in disputed waters
WEST YORK ISLAND, South China Sea (AP) — Overwhelmed after setting foot for the first time on a far-flung but picturesque island in the disputed South China Sea, a Filipino army official knelt to kiss the shore. She held a small Philippine flag that fluttered in the breeze. 'This is just so beautiful,' Philippines military spokesperson Col. Francel Margareth Padilla said of West York Island, one of nine islands, reefs and atolls occupied by Filipino forces in the long-contested waters. 'This solidifies our resolve to fight for this place whatever happens.' The 18.6-hectare (46-acre) droplet-shaped island, called Likas by Filipinos, could easily become an eco-tourism draw in tropical Asia with its powdery white-sand beaches, turquoise waters and giant sea turtle sanctuaries. Padilla expressed hope it could someday be opened to Filipino travelers and tourists from across the world. But that longstanding aspiration by Philippine officials has been stymied by a tangle of territorial conflicts involving a militarily superior China. Beijing claims virtually the entire South China Sea, a vital global trade route with rich undersea deposits of gas and oil. It has increasingly flexed its military might, including its navy — the largest in the world — to strengthen its grip on a strategic waterway it says it has owned since ancient times. The Philippines, Vietnam, Malaysia, Brunei and Taiwan contest China's expansive claims with their own, and the territorial stand-offs have increasingly flared into cat-and-mouse confrontations at sea in recent years. The long-simmering disputes are also a delicate fault line in the regional rivalry between Beijing and Washington. Both former President Joe Biden and his successor, Donald Trump, have condemned China's growing aggression in the contested waters, including its coast guard's use of powerful water cannons, blinding military-grade lasers and dangerous sea maneuvers against the coast guard and navy of the Philippines, Washington's oldest treaty ally in Asia. Under President Ferdinand Marcos Jr., who took office in mid-2022, the Philippines has intensified a campaign to expose China's increasingly assertive actions by capturing them in video and photographs. The images have then been made public in the hope that international pressure would prompt Beijing to back down to avoid damage to its reputation. The Philippine military invited a small group of journalists, including two from The Associated Press, in a dayslong naval patrol of the South China Sea territories claimed by Manila and on visits to navy and marine forces deployed to guard them. During the patrol, which ended over the weekend, the BRP Andres Bonifacio navy ship carrying the journalists warned a number of Chinese coast guard ships and suspected Chinese militia vessels by two-way radio to move away from Philippines-claimed waters. The Chinese ships responded by asserting their sovereignty in the offshore region without undertaking any provocative actions. On West York Island, two Filipino marines in camouflage uniforms stood guard with M4 assault rifles under a Philippine flag. One used binoculars to scan the surrounding waters for Chinese or Vietnamese ships passing by from a distance. One of the farthest islands in the disputed waters from the nearest Philippine province of Palawan, West York is a difficult and risky post, where Filipino forces see nothing beyond the small island but sea. Military personnel can occasionally call their loved ones during their two-month deployment, but the internet connection is spotty, especially during the typhoon season that starts in June, according to military personnel on the island. They grow eggplants, okra and chili peppers and raise goats and chickens to augment food provisions delivered by navy ships from Palawan. There is a makeshift basketball court to help while away off-duty time and ease the feeling of isolation. 'It's being away from your family,' Padilla said. 'At the end of the day, you go home to an empty room.' Marine Col. Joel Bonavente, who was among the visiting military officials, told AP that military personnel posted in the remote outpost get additional pay to compensate for the "hazard and loneliness.' On Thitu, the largest Philippines-claimed island, which lies west of West York, civilians have thrived for decades in a small fishing village alongside the military forces. An AP journalist who visited Thitu several years ago saw an island with only a few low-slung wooden and concrete buildings and a gravel airstrip that was being eroded by the constant pounding of waves. There were a few shanties mainlanders had moved to from Palawan in exchange for a monthly government provision of groceries, rice and cash in a bid to grow a civilian community. Dramatic infrastructure improvements have occurred through the years on the 37.2-hectare (92-acre) island, which now has a concrete runway, a huge aircraft hangar, a wharf, a storm shelter and concrete roads running through the fishing village, military encampments and a three-story coast guard surveillance center. A high school building is nearly finished near a seawater desalination facility. 'I want to stay on this island because my blood pressure remains stable without the wide selection of fatty food you find in the city like hamburgers,' said Nenita Bania, a 59-year-old villager who has lived with her husband on Thitu for 12 years. 'Lonely? Not really. It's not the case if you're with family,' she told the AP aboard an air force C-130 aircraft, as she and other villagers hitched a ride back to Thitu from Palawan province. Living in China's shadow in the disputed waters, however, has been challenging, said Larry Hugo, 47, who leads a group of at least 114 fishermen. More than a decade ago, China transformed seven disputed South China Sea reefs into island bases, where Chinese coast guard and navy ships can now refuel and obtain supplies for longer periods far from the Chinese mainland. One of China's artificial islands, Subi, has a military-grade runway and lies just 26 kilometers (16 miles) from Thitu. 'There were no Chinese ships before but now it's a big problem because they are all around our island,' Hugo said. 'They're guarding the reefs where we used to fish, and they block us so we can't venture far.' 'It's very dangerous,' he said. 'We have small boats and we may be run over and that'll be a big problem because we're far from civilization.'
