RE: China and Europe4 Apr 2025 15:59
PALM BEACH, Florida/BEIJING/WASHINGTON, April 4 (Reuters) - China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.
In the standoff between the world's top two economies, Beijing also announced controls on exports of some rare earths, while Trump doubled down as well, vowing not to change course.