Container ship is docked at Kwai Chung Container terminal in Hong Kong, April 8, 2025
CHINA said today that it would “fight to the end” and take countermeasures against the US to protect its interests after President Donald Trump threatened an additional 50 per cent tariff on Chinese imports.
The Commerce Ministry called the US’s move of “so-called ‘reciprocal tariffs’” as “completely groundless” and “a typical unilateral bullying practice.”
In response to the original hike, China, the world’s second-largest economy, announced retaliatory tariffs and the ministry hinted that further measures may be on the way.
US tariffs have had Von der Leyen bowing in submission, while comments from the former European Central Bank leader call for more European political integration and less individual state sovereignty. All this adds up to more pain and austerity ahead, argues NICK WRIGHT