Wednesday, April 9, 2025

China Retaliates Against U.S. Tariffs With 125% Levy

Trump Tariffs Live Updates: China Raises Tariffs on U.S. Imports to 125% - The New York Times

 Trump Tariffs Live Updates: China Retaliates Against U.S. Tariffs With 84% Levy

China slaps 84% retaliatory tariffs on U.S. goods in response to Trump (Thanks to Derrick for this one)

Steeling China for a Tariff Fight, Xi Faces His Biggest Test Since Covid - The New York Times

Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.

The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned. - The New York Times

Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.

How This Trade War Is Different From All Other Trade Wars - The New York Times

By acting on his own, President Trump has broken with more than 200 years of U.S. history in which Congress set the direction of trade policy.

Warren Urges S.E.C. to Investigate Trading Around Trump’s Tariff Pause - The New York Times

The president told his social media followers it was a “GREAT TIME TO BUY” hours before announcing a reversal on tariffs that sent markets soaring.

JPMorgan’s Jamie Dimon Warns of ‘Considerable Turbulence’ Ahead for Economy - The New York Times

Jamie Dimon of JPMorgan flagged “potential negatives” to tariffs as his and other big banks revealed their latest earnings.

Workers making restaurant appliances and cookware at a factory in Guangzhou, China, on Wednesday.Credit...Qilai Shen for The New York Times

Jamie Dimon, chief executive of JPMorgan Chase.Credit...Richard Drew/Associated Press