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U.S.-China Trade War Escalates with Record Tariffs

4/12/2025

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Trump Tariffs Escalate

The trade war between the U.S. and China has reached a boiling point, with President Trump slapping tariffs as high as 145% on Chinese imports. In a fierce response, China retaliated with 125% tariffs, branding U.S. measures as futile. Analysts caution that this breakdown in economic relations could shake global markets and heighten tensions, as dialogue between the two powers has all but vanished.

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Ishiba Cautions Tariff Talks

Japanese Prime Minister Shigeru Ishiba emphasized a cautious approach to tariff negotiations with the U.S., citing the current economic uncertainty. With U.S. tariffs hitting Japan's automobile exports hard, the Bank of Japan raised alarms about potential damage to both economies. Additionally, talks on currency rates could further complicate Japan's monetary policy decisions.

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Trump Tariffs Escalate

The trade war between the U.S. and China has reached a boiling point, with President Trump slapping tariffs as high as 145% on Chinese imports. In a fierce response, China retaliated with 125% tariffs, branding U.S. measures as futile. Analysts caution that this breakdown in economic relations could shake global markets and heighten tensions, as dialogue between the two powers has all but vanished.

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