China Trade Escalation Unfortunate, Loss For Them, US Treasury Secretary Says
China trade escalation unfortunate, loss for them, US Treasury secretary saysWASHINGTON, April 9 - China's move to impose 84% retaliatory tariffs against the United States is unfortunate and a losing proposition for Beijing, U.S. Treasury Secretary Scott Bessent said on Wednesday."I think it's unfortunate that the Chinese actually don't want to come and negotiate, because they are the worst offenders in the international trading system," Bessent said in an interview with Fox Business Network.
China to Hold High-Level Meeting in Response to US Tariffs, Say Sources
Top leaders to hold meeting as soon as WednesdayHigh-level meeting to discuss measures to boost economyTop leaders will also discuss measures to stabilise marketsChina's top leaders plan to convene a
China to Impose Tariffs of 34% on All US Goods from April 10
China to Impose 34% Tariff on All U.S. Imports Starting From April 10, 12:01 pm. US Stock Index Futures Extend Losses After China to Impose Additional 34% Tariffs of on U.S. Goods.U.S. S&P 500 E-Minis Down 1.52%, Nasdaq 100 E-Minis Down 1.56%, Dow E-Minis Down 1.66%.Big tech stocks sank in premarket trading. Tesla fell 4%; Apple fell 3%; Nvidia fell 2%.