China lifts tariffs on US goods to 125%
China said yesterday it would raise its tariffs on US goods to 125% in a further escalation of a trade war that threatens to bring exports to a halt between the world's two biggest economies.
In a sign of investors' worries about the health of the US economy under President Trump's erratic stewardship, the dollar fell to a three-year low against the euro and by 1.3% against the yen.
In Beijing, China's State Council Tariff Commission said new tariffs of 125% on US goods would take effect today, almost matching the staggering 145% level imposed on Chinese goods coming into America.
A Commerce Minis - try spokesperson said the United States bore 'full responsibility for this', deriding Trump's tariffs as a 'numbers game' that 'will become a joke'.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Tribune
34 minutes ago
- Daily Tribune
Trump says Los Angeles would burn 'to the ground' if no troops sent
US President Donald Trump said Tuesday that only his deployment of Marines and other soldiers to Los Angeles was preventing the city from "burning to the ground" as a result of protests against an immigration crackdown. "If I didn't 'SEND IN THE TROOPS' to Los Angeles the last three nights, that once beautiful and great City would be burning to the ground right now," Trump posted on Truth Social, claiming that the so-far sporadic street unrest posed the same threat as a recent wildfire that destroyed entire neighborhoods in the city. The Republican's deployment of thousands of troops has sparked outrage among Democrats, with California Governor Gavin Newsom branding Trump "dictatorial."
Daily Tribune
34 minutes ago
- Daily Tribune
Japan Confirms Two Chinese Aircraft Carriers Operating Simultaneously in Pacific
Japanese officials have confirmed that two Chinese aircraft carriers were seen conducting simultaneous operations in the Pacific Ocean for the first time. Japanese Foreign Minister Takeshi Iwaya stated on Tuesday that the Defense Ministry had verified the presence of the Chinese carriers Liaoning and Shandong, each operating in distinct areas near Japan's remote southern islands. The Ministry confirmed that the Liaoning was spotted sailing within Japan's Exclusive Economic Zone (EEZ) near Minamitorishima, a remote island located east of Iwo Jima. The Shandong was operating in a separate area of the Pacific, details of which were not disclosed. In response to the development, Iwaya said Japan had communicated its concerns to Beijing through the Chinese Embassy in Tokyo. While he refrained from issuing a formal condemnation, he emphasized that Japan would continue to monitor the situation closely and take 'appropriate steps' as necessary to ensure national security. The incident has drawn attention from defense analysts, who view the dual deployment as a signal of China's growing maritime reach and its ability to coordinate large-scale naval operations far from its shores.
Daily Tribune
34 minutes ago
- Daily Tribune
Los Angeles protests simmer as Trump, state officials clash
AFP | Los Angeles Los Angeles was on edge yesterday after violent clashes between demonstrators and security forces over immigration raids, with the Californian governor vowing to sue President Donald Trump for deploying National Guard soldiers. Police stood watch after ordering people not to gather in the city's downtown where cars were torched over the weekend and security forces fired tear gas at protesters. "This is exactly what Donald Trump wanted," Governor Gavin Newsom said on social media. "He flamed the fires and illegally acted to federalize the National Guard." "We're suing him." The White House also ratcheted up the standoff between the hard-charging Republican president and California's Democrat-led authorities. "Gavin Newsom did nothing as violent riots erupted in Los Angeles for days," Trump's Press Secretary Karoline Leavitt posted Monday. "President Trump has stepped in to maintain law and order." She added that "America must reverse the invasion unleashed by (former president) Joe Biden of millions of unvetted illegal aliens into our country." The protests in Los Angeles, home to a large Latino population, were triggered by raids and dozens of arrests of what authorities say are illegal migrants and gang members. Critics say Trump -- who has made clamping down on illegal migration a key pillar of his second term -- deliberately stoked tensions by sending in California's National Guard, a stand-by military usually controlled by the state governor. "You have the National Guard with loaded magazines and large guns standing around trying to intimidate Americans," protester Thomas Henning told AFP on the scene Sunday. 'BRING IN THE TROOPS!' On Monday morning, a heavy police presence patrolled mostly deserted streets. A few protesters remained overnight, with some lobbing projectiles and fireworks, according to T V coverage. Trump called the protesters "insurrectionists," and demanded authorities arrest people in face masks. "BRING IN THE TROOPS!!!!" he wrote on his Truth Social platform. At least three self-driving Waymo cars were torched Sunday, and local law enforcement deployed tear gas and smoke grenades to disperse protesters. An Australian reporter was hit in the leg with a rubber bullet fired by a police officer on live television. Her employer later said she was unharmed. Los Angeles Police Department (LAPD) officers set up containment lines to keep demonstrators separated from armed National Guardsmen from the 79th Infantry Brigade Combat Team in helmets and camouflage gear. At least 56 people were arrested over two days and three officers suffered minor injuries, the LAPD said. Police in San Francisco said on Sunday about 60 people had been arrested in similar protests in the northern Californian city. Trump was unrepentant when asked about the use of troops, hinting at deployment nationwide. "You're going to see some very strong law and order," he told reporters Sunday. Asked about invoking the Insurrection Act -- which would allow the military to be used as a domestic police force -- Trump said: "We're looking at troops everywhere. We're not going to let this happen to our country."
