Trump Tariffs LIVE: As the trade war escalates, China retaliates by raising tariffs on US goods to 125%, up from 84%, following President Trump’s hike of US duties on Chinese imports to 145%.
Meanwhile, Tesla has stopped taking orders for its Model S and Model X on its Chinese website, a report by MKTNews said on Friday. The advisory reportedly states that the two models that are sold in China are imported vehicles.
Meanwhile Wall Street stocks fell sharply on Thursday amid growing concerns over Trump‘s ongoing trade battles. All three main US stock indexes suffered deep losses, losing most of the gains they made a day before. While on one hand S&P was down 3.5% on Thursday, Dow Jones Industrial Average also took a dive by 2.5%. Nasdaq too was down 4.3%.
Although US has paused 26% tariff on India till July, the major tariffs on goods from China, Mexico, and Canada are still in effect. These countries supply a large share of what the US imports. Due to this, people, investors, and the US Federal Reserve are dealing with another three months of uncertainty as the trade situation remains unsettled.
This ongoing uncertainty is of course hurting the confidence in the market. Fed officials are already worried that people and businesses are cutting back on spending and investment, as per CNN. This week, many policymakers have expressed that they still believe the tariffs are harming economic growth and may lead to higher inflation. That also puts the Federal Reserve in a tough spot when it comes to setting interest rates and other monetary policies.
Commenting on the US economy, White House press secretary Karoline Leavitt said, “it’s the policy of this White House… to put America first and bring back jobs” from other countries, reported BBC. She explained that the US will “no longer allow China to dump cheap foreign products” into the country, while blocking American-made goods from entering Chinese markets. “America cannot exist if we continue to enrich and embolden China,” she added. Leavitt also said there is “great reason to be optimistic about America’s economy,” and that companies would be “best served” by doing business within the United States.
What did Trump say about the falling market?
Donald Trump on Thursday said that there will “always be transition problems” and “difficulty” as markets kept falling because of ongoing uncertainty around his global tariff policies. His comments came just hours after the White House said tariffs on some Chinese products would rise to 145%, due to an extra 20% tax already placed on items related to the drug fentanyl. Even with these high tariffs, Trump said he still hoped to make a deal with China. “I think we’ll work something out that’s good for both countries. I’m looking forward to it,” he said.
Live Updates
Donald Trump Tariff Live Updates – Know all about 90-day tariff pause, China’s next course of action here:
Trump Tariffs Live Updates: China files fresh complaint with WTO
China has filed a fresh complaint with the World Trade Organization over US tariffs. According to an update shared by the Chinese Mission in Geneva, the country filed a supplementary complaint with the WTO on Friday.
Trump Tariffs Live Updates: Spain backs EU’s 90-day tariff pause, calls for fair deal with US
Spanish Economy Minister Carlos Cuerpo welcomed the European Commission’s 90-day pause on its first countermeasures against U.S. President Donald Trump’s tariffs, calling it “the appropriate decision” that paves the way for a negotiated solution.
“Delaying countermeasures aligns with our call for dialogue. The door is open, and we are ready to walk through it. There’s much to protect in the EU-US relationship, but it must be a fair and balanced deal,” Cuerpo posted on social media platform X.
Trump Tariffs Live Updates: China vows to fight tariff war ‘to the end’ if US escalates
China said it will take countermeasures and fight to the end if the US insists on continuing to infringe on China’s interests, the Commerce Ministry said on Friday after China raised its tariffs on US goods to 125%.
“If the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore it,” the ministry also said.
“The US’ repeated imposition of abnormally high tariffs on China has become a numbers game and has no practical economic significance,” the statement read, adding that China urges the US to “take a big step forward in eliminating the so-called ‘reciprocal tariffs’ and completely correct its wrongful practices.”
Trump Tariffs Live Updates: China increases tariff on US goods
China has raised tariff on US goods from 84% to 125% as trade war escalates, reports Bloomberg.
Trump Tariffs Live Updates: As US tariffs surge, Xi looks to neighbours Vietnam, Malaysia, Cambodia for economic partnerships
Chinese President Xi Jinping is set to embark on a three-nation Southeast Asian tour next week—his first overseas trip of the year—aimed at reinforcing regional ties amid rising trade tensions with the United States. From April 14 to 18, Xi will visit Vietnam, Malaysia, and Cambodia. The visit comes shortly after the US imposed steep 145% tariffs on Chinese goods, prompting Beijing to strengthen cooperation with neighbouring countries.
According to state-run Xinhua, Xi seeks to deepen “all-round cooperation” with key regional partners as China looks to offset economic pressure and build strategic alliances outside Washington’s increasingly protectionist framework.
Trump Tariffs Live Updates: Xi urges China-EU unity against ‘unilateral bullying’
Chinese President Xi Jingping called on China and the EU to jointly “oppose unilateral bullying practices”, referencing the US’ reciprocal tariffs against multiple countries. He advocated for the two international powerhouses to continue economic globalisation.
“Going against the world will only lead to isolation,” he adds.
Trump Tariffs Live Updates: Taiwan to begin trade talks with US amid 32% tariff threat
Taiwan will be among the first partners to begin trade talks with Washington, President Lai Ching-te announced Friday. Economy officials estimate over $200 billion in potential US imports, largely energy-related. This comes as President Trump temporarily eases tariffs on several nations, though Taiwan still faces a steep 32% duty, especially affecting its vital semiconductor sector.
Trump Tariffs Live Updates: ‘We are in continuous talks’ – Piyush Goyal reacts to US tariff pause
India’s Trade Minister Piyush Goyal welcomed the US tariff hike pause, saying a clear timeframe helps structure negotiations better. He emphasised that both countries remain engaged in continuous, constructive trade discussions. US had earlier imposed 26% reciprocal tariff on Indian goods.
Trump Tariffs Live Updates: China says ‘tariff or trade war benefit no one’
China’s Foreign Ministry responded to the US’s 145% tariffs on Chinese goods, stating that neither tariffs nor a trade war benefit anyone. The ministry emphasised the negative impact on global trade and economic stability.
Trump Tariffs Live Updates: Chinese leader Xi Jinping meets Spanish PM Sanchez amid trade war with US
“There are no winners in a trade war, and going against the world will only lead to self-isolation,” Xi told Spanish Prime Minister Pedro Sanchez in Beijing on Friday, according to CNN report.
“For over 70 years, China’s development has relied on self-reliance and hard work — never on handouts from others, and it is not afraid of any unjust suppression,” Xi added.
“Regardless of how the external environment changes, China will remain confident, stay focused, and concentrate on managing its own affairs well.”
Trump Tariffs Live Updates: India’s trade talks with US ‘very challenging’
Jaishankar said that India’s trade deals are very challenging as the US is very ambitious and the global landscape is very much different that what it was a year ago.
“This time around, we are certainly geared up for a very high degree of urgency. I mean we see a window. We want to see stuff. So our trade deals are very, you know, they’re really challenging. And we are really, when I look at the trade deals, I mean it’s not my direct credit, but we have a lot to do with each other. I mean these are people very much on top of their game, very ambitious about what they want to achieve,” he said.
Jaishankar added that just as the US has a view of India, India too has a view of them.
“We did four years of talking in the first Trump administration. They have their view of us and frankly we have our view of them. The bottom line is that they didn’t get that. So if you look at the EU, often people say we’ve been negotiating for 30 years which is not entirely true because we had big blocks of time and nobody was even talking to each other. But they have tended to be very protracted processes,” he said.
Trump Tariffs Live Updates: US and China reshaping world order through tech, says S Jaishankar
External Affairs Minister S Jaishankar highlighted the shifting global dynamics by emphasising the United States’ evolving approach under President Donald Trump. He noted a growing alignment between Trump’s “Make America Great Again” (MAGA) agenda and technological advancement, which is now more evident than during his previous term. Jaishankar said that the US-China trade dynamics are influenced by trade, as well as technology, and the decisions impelled by China are as consequential as the US.
Jaishankar pointed out that the US, being the world’s largest economy and a leader in global tech innovation, is leveraging technology as a central tool in its geopolitical strategy. He suggested this realignment would have deep implications across sectors, especially technology.
“US has fundamentally changed its approach to engaging the world, and it has consequences across every domain but the tech consequences, I believe, would be particularly profound, and it will be profound not just because the US is the largest economy, the main driver, in a way, of global tech advancements, but also because it’s very clear that Tech has a big role in making America great again. So there is a connection between MAGA and tech, which perhaps was not so clear between 2016 and 2020,” he said.
The External Affairs Minister also acknowledged China’s steady and strategic advancement over the past year. Unlike the U.S.’s more visible transformation, China’s evolution has been gradual but equally significant. He emphasised that both superpowers are reshaping global structures, and understanding these shifts is critical for countries navigating a complex international landscape increasingly defined by technological and strategic competition.
Trump Tariffs Live Updates: Apple feels the heat as Trump tariffs hit 145%
Despite President Donald Trump’s 90-day pause on many “reciprocal tariffs,” Apple, the largest US company, continues to face major setbacks. With heavy reliance on Chinese supply chains, Apple remains exposed as cumulative US tariffs on Chinese goods hit 145%. Experts warn that ongoing US-China trade tensions could significantly impact the tech giant.
According to a CNBC report, Dan Ives of Wedbush Securities compared Apple’s position to a “boat flipped over in the ocean with no life rafts.” While Apple has worked to diversify production, nearly 80% of the 77 million iPhones shipped to the U.S. last year were still made in China.
Trump Tariffs Live Updates: Oil slips again amid US-China trade war
Oil prices remained mostly flat on Friday but are poised for a second consecutive weekly loss amid fears that the ongoing US-China trade war could dampen global economic growth and reduce crude demand.
Brent crude inched up 14 cents to $63.47 a barrel, while US WTI rose to $60.21. Despite the slight gains, Brent is expected to drop 3.2% this week and WTI 2.9%, following a steep 11% decline for both benchmarks in the previous week.
Trump Tariffs Live Updates: Trump’s 90-day delay is a ‘fragile pause’, says Macron
French President Emmanuel Macron on Friday said that Trump’s decision for a 90-day pause on tariffs, has given room for only a ‘fragile pause’. Macron took to X and explained that it is “fragile” because the other tariffs like the 25% on steel, aluminum and automobiles and the 10% tariffs on all other products are still in place. He added that this 90-day pause is basically just 90-days of uncertainty.
Trump Tariffs Live Updates: Confusion over tariffs slows down delivery of cars, planes among others
Over the past few months, cars, household items, and factory equipment have been delayed at ports, held up on trains, or left sitting in warehouses, a Reuters report said. This is because of White House’s constant change of plans regarding the tariff imposition. Even though planes and their engines are usually ordered years ahead by American buyers, the confusion over tariffs may still delay their delivery, according to sources who spoke to Reuters. This is happening even though this industry hasn’t been directly hit by tariffs.
Trump Tariffs Live Updates: ‘Trump probably believes he can make a deal with China’
Stephen Vaughn, the former acting trade representative for the United States, says US President Donald Trump probably believes he can make a deal with China. In an interview with Newsday on the BBC World Service, Vaughn said that during Trump’s first term, the US and China had a “productive relationship.” He also said he wouldn’t be surprised “if there are already conversations going back and forth between [them]” and that any future deal would likely be shown as a “mutual agreement on both sides.” Vaughn added that the US-China relationship had been “incredibly unbalanced… and has been for a long time,” and that America “simply cannot go on with the status quo.”
Trump Tariffs Live Updates: RBI may cut interest rates more than expects, say economists
Economists have said that the RBI may cut interest rates more than expected, reported Reuters. This is because the country’s economic growth is slowing, and inflation is not a big concern right now, which may lead the central bank to take steps to support the economy. India’s growth is already under pressure due to weak spending in cities and low private investment. Things could get worse if the trade fight between the US and China grows and if the US increases tariffs sharply. India is hoping to make a trade deal with the US, especially after President Donald Trump stopped “reciprocal” tariffs on many countries, including India, but raised them on China.
Trump Tariffs Live Updates: Gold prices reach an all-time high
Gold prices have reached a new all-time high amid the growing concerns over the escalating trade war between the US and China.
Gold is now selling for more than $3,200 (£2,454) per troy ounce for the first time, as many investors are putting their money into safer options, reported Reuters. The Swiss franc, which is also seen as a safe place to keep money, has reached its highest level against the US dollar in ten years. At the same time, people are again selling US government bonds, something that also happened earlier this week.
Trump Tariff Live Updates: Tariff pause gives time to EU for working out a trade deal
With the US delaying higher tariffs for 90 days, European Union finance ministers are set to meet on Friday to discuss how they can use this time to work out a trade deal with Washington, reported Reuters. They will also plan how to respond if no agreement is reached and the higher tariffs return. Earlier this week, U.S. President Donald Trump paused the 20% tariffs he had imposed on Europe from April 2. However, a 10% tariff still applies, similar to what most other countries face. Trump also mentioned that he expects Europe to buy more American oil and gas as part of efforts to rebalance trade between the two sides. According to a senior EU official helping prepare the talks, the 90-day break is seen as a valuable opportunity for the EU to build a strategy and get ready in case trade talks with the US. don’t succeed.
Trump Tariff Live Updates: 125% tariff on China could benefit India, says GTRI
The Global Trade Research Initiative (GTRI) on Friday said that the 125% tariffs that US has put on Chinese goods could make Indian products like textiles, leather, electronics, and engineering items more attractive and competitive in the American market. However, GTRI warned that these advantages may not last long unless India takes quick steps to improve its export system. This includes making export rules easier, building stronger connections with U.S. buyers, and supporting Indian businesses. GTRI also suggested that the government bring back the interest equalisation scheme. This would help small businesses get cheaper loans for working capital and speed up the customs process for shipments.
Trump Tariff Live Updates: Tesla stops taking orders for Model S ad X on Chinese website
According to MKTNews, Tesla has stopped taking new orders for its Model S and X on its Chinese website. The move has come amid the growing trade war between world’s two biggest economies.
Trump Tariff Live Updates: Yuan rebounds from lowest level since 2007
Chinese currency yuan rose slightly from its lowest level since 2007 against a weakening US dollar on Friday. However, it still dropped to its lowest point in 19 months when compared to the currencies of its main trading partners. This happened as the trade tensions between China and the US continued with no clear resolution in sight. Financial markets started falling again after a short boost the day before, which came when U.S. President Donald Trump temporarily paused tariffs for many countries. Although Trump had said his policies would not change, he gave a 90-day break on tariffs—except for China. In fact, he increased the import duties on Chinese goods to an effective rate of 145%.
Trump Tariff Live Updates: Xi Jinping to visit manufacturing hubs in South East Asia
Meanwhile, Chinese President Xi Jinping will be visiting Southeast Asia next week, as China and nearby countries deal with the impact of US tariffs. His trip will begin in Vietnam on April 14, followed by visits to Malaysia and Cambodia. The US president recently increased tariffs on Vietnam and Cambodia to 46% and 49%, though these were paused for 90 days. Malaysian Prime Minister Anwar Ibrahim, who will host Xi for a three-day official visit, had earlier urged Southeast Asian countries to stay united against the US tariffs.
Trump Tariff Live Updates: China “standing on the right side of history”
As the trade war between China and the US continues with no clear resolution, Chinese state media are working to reassure the public and prepare them for possible economic challenges, reported BBC. Today, the People’s Daily, the official newspaper of China’s top leadership, featured a front-page commentary titled “Believe in China, Believe in Tomorrow.” The article highlighted the country’s strength in innovation and its large market potential, stating that China is “standing on the right side of history.”
Echoing this message, the Global Times, known for its strong nationalist tone, ran an editorial with the headline: “China’s ‘fight to the end’ is backed by strong confidence.”
Trump Tariff Live Updates: China, South Korea, Japan central banks discuss tariffs
China’s central bank on Friday said that finance and central bank officials from China, Japan, and South Korea met to talk about how US tariffs are affecting the global and regional economy, reported Reuters. Xuan Changneng, Deputy Governor of the People’s Bank of China, took part in the meeting held in Malaysia on April 8–9. It was part of a gathering of finance and central bank deputies from ASEAN countries, along with China, Japan, and South Korea.
During the meeting, the three countries shared their views on the current economic situation and ways to improve financial cooperation in the region, the Reuters report said. China’s central bank also said it would continue with a moderately loose monetary policy to help keep financial markets stable and support the ongoing recovery of the economy.
Trump Tariff Live Updates: Iron ore futures poised for weekly loss
Iron ore futures prices witnessed a dent on Friday and are expected to hit a weekly loss, according to Reuters. As tensions between the United States and China escalate, the most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.36% lower at 700.5 yuan ($95.73) a metric ton. So far, it has fallen 5.8% over the week.
These tensions between the world’s two largest economies follows US President Donald Trump increasing tariffs on Chinese imports to 125% after Beijing responded with tariff hikes on US goods to 84% from 34%.
Meanwhile, the May iron ore on the Singapore Exchange slumped 1.07% to $96.1 a ton, resulting in a weekly decline of 5.6%.
Trump Tariff Live Updates: US dollar slumps as investors lose confidence in US economy
The US dollar slumped on Friday as investors seem to have lost their confidence in the American economy. Many started moving their money into safer options like the Swiss franc, Japanese yen, euro, and gold. Gold reached a new all-time high during early trading in Asia, and the Swiss franc hit its highest level in ten years. Investors also pulled out of Wall Street stocks, just a day after a strong rally on Wednesday. That rally had followed President Donald Trump’s sudden decision to pause higher tariffs on many trade partners, but it didn’t last long. Within 24 hours, the markets changed direction again. US government bonds with longer terms were also being sold off, pushing 10-year yields toward their biggest weekly rise since 2001.
Trump Tariff Live Updates: Fear of worldwide recession engulfs Wall Street
US stock markets fell sharply on Thursday as investor anxiety escalated over the broader economic fallout from President Donald Trump’s ongoing tariff battles, as per Reuters.
The sharp selloff took away much of the momentum gained in the prior session, with all three major indices posting major declines. Hopefulness sparked by encouraging economic indicators and trade discussions between the US and Europe was overshadowed by the intensifying standoff between Washington and Beijing.
Just a day before, markets had surged following Trump’s announcement of a 90-day pause on new tariffs. The S&P 500 had recorded a 9.5% rally—its strongest single-day gain since October 2008—while the Nasdaq skyrocketed by 12.2%, marking its second-largest daily increase in history.
Trump Tariff Live Updates: Trump leaves the possibility open for extending the 90-day tariff pause
Trump is not ruling out the possibility of extending the 90-day pause he imposed on his “reciprocal” tariffs yesterday. According to reports during a Cabinet meeting, Trump told a reporter that if he is unable to secure the deals he seeks with U.S. trading partners, tariffs will return to their higher rates after the pause ends.
He added, “That’s what would happen, It’s got to be beneficial for both parties.” However, when asked if this meant he would not extend the pause, Trump replied, “We’ll have to see what happens.”
