“China Hits Back: Says No Fear Over Trump’s 125% Tariffs”

US President Donald Trump has raised tariffs on Chinese goods to 125%, leaving China out of a 90-day global tariff pause. In response, China said it won’t sit quietly and announced countermeasures, including an 84% tariff on US goods. China’s foreign ministry called the US move “tax blackmail” and said it won’t fear more threats.

What Happened?

• Trump paused tariffs for other countries but increased them for China.
• China reacted strongly, saying it will defend its rights.
• This has raised trade tensions between the US and China.

Markets React

• Asian stock markets bounced back after Trump’s pause (excluding China).
  • Japan’s Nikkei jumped 8%
  • Korea’s Kospi up 5%
  • Australia’s ASX 200 gained 5%
• In the US, stock markets soared:
  • Dow Jones up nearly 3,000 points
  • Nasdaq jumped 12%
  • S&P 500 up by over 9%

But the optimism didn’t last. On Thursday, Wall Street futures dropped, with Tesla shares down 4.5%, showing that investor fears are still high over the trade war.

Apple Moves Fast

To avoid high tariffs, Apple flew 600 tons of iPhones from India to the US, trying to beat the deadline. Apple made customs clearance faster at the Chennai airport in India, using a “green corridor” method to speed up iPhone exports.

Shipbuilding Push

Trump also signed an order to revive US shipbuilding and reduce China’s control over global shipping. The order could bring high port fees for Chinese-built or flagged ships.

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