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Chinese Minister says U.S. tariffs could cause a humanitarian crisisChinese Minister of Commerce Wang Wentao stated that the continuous imposition of tariffs by the U.S. will cause significant harm to the developing world and could even trigger a humanitarian crisis. Mr. Wang told Ms. Ngozi Okonjo, Director-General of the World Trade Organization, during a video call on April 11 that China's 'drastic countermeasures' are to protect the legitimate rights and interests of the country while maintaining fairness and justice in the international community.

Chinese Minister says U.S. tariffs could cause a humanitarian crisis

Chinese Minister of Commerce Wang Wentao stated that the continuous imposition of tariffs by the U.S. will cause significant harm to the developing world and could even trigger a humanitarian crisis.
Mr. Wang told Ms. Ngozi Okonjo, Director-General of the World Trade Organization, during a video call on April 11 that China's 'drastic countermeasures' are to protect the legitimate rights and interests of the country while maintaining fairness and justice in the international community.
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Chinese Exchanges Restrict Daily Stock Sales Amid Trade War with the U.S.Four sources said on Friday that Chinese stock exchanges have imposed daily restrictions on the net selling activity of hedge funds and large retail investors, as Beijing intensifies support for the stock market amid the escalating trade war with the United States. Two investor sources said the soft limit on the daily net selling of individual hedge funds and large retail investors - enacted through verbal warnings from brokerage firms - was set at 50 million yuan (6.83 million dollars).

Chinese Exchanges Restrict Daily Stock Sales Amid Trade War with the U.S.

Four sources said on Friday that Chinese stock exchanges have imposed daily restrictions on the net selling activity of hedge funds and large retail investors, as Beijing intensifies support for the stock market amid the escalating trade war with the United States.
Two investor sources said the soft limit on the daily net selling of individual hedge funds and large retail investors - enacted through verbal warnings from brokerage firms - was set at 50 million yuan (6.83 million dollars).
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What is China's tariff strategy? Escalate to de-escalate, analysts sayChina will raise tariffs on U.S. goods to 84%, up from the previously announced 34%, in a strong escalation of the trade war between the two largest economies in the world. The latest round of tariffs from China, announced on April 9 and effective April 10, is so far the strongest response to the tariffs that the U.S. has imposed on countries worldwide.

What is China's tariff strategy? Escalate to de-escalate, analysts say

China will raise tariffs on U.S. goods to 84%, up from the previously announced 34%, in a strong escalation of the trade war between the two largest economies in the world.
The latest round of tariffs from China, announced on April 9 and effective April 10, is so far the strongest response to the tariffs that the U.S. has imposed on countries worldwide.
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Breaking: Trump Exempts Smartphone Tariffs for ChinaDonald Trump has exempted high tariffs on smartphones from China in a move that continues to diminish his key trade policy. This move was quietly announced by the U.S. Customs and Border Protection Agency on Friday night. It extends to other consumer electronics including flat-screen TVs along with computers and camera accessories. This event occurs as American consumers rush to stores to avoid a significant price increase that will take effect next week.

Breaking: Trump Exempts Smartphone Tariffs for China

Donald Trump has exempted high tariffs on smartphones from China in a move that continues to diminish his key trade policy.
This move was quietly announced by the U.S. Customs and Border Protection Agency on Friday night. It extends to other consumer electronics including flat-screen TVs along with computers and camera accessories.
This event occurs as American consumers rush to stores to avoid a significant price increase that will take effect next week.
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