Trump trade war with China revives recession, bear market fears

Quick Summary:

The EU had been due to launch counter-tariffs on about 21 billion euros ($23.25 billion) of U.S.imports next Tuesday in response to Trump's 25% tariffs on steel and aluminium.

China has been raising its tariffs on the U.S.with each Trump increase, raising fears that Beijing may jack up tariffs above the current 84%.

"I don't see anything unusual," he said of the day's market activity.The U.S.and Vietnam agreed to begin formal trade talks after Bessent spoke with Vietnamese Deputy Prime Minister Ho Duc Phoc, the White House said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaChinaFranceMexicoUnited StatesVietnam

Topics: /Business/Business News Trump Tariffs Markets Trade Tariff Wars Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-11 @ 07:24:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 891 words

Reading Time: 5 minutes read

Sentences: 30 lines

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Copyright Owner: © The Star

News ID: 27780784

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