April 9, 2025
US
•09.04.2025
•Wednesday
•138 days ago
•⌨
The morning saw Trump's 104% tariffs on China take effect, prompting immediate retaliation as China implemented 84% tariffs on American goods. The EU followed with approval of $23 billion in countermeasures. Markets tumbled globally while bonds sold off, igniting recession fears.
By afternoon, a dramatic shift occurred. Trump announced a 90-day pause on tariffs for most nations while simultaneously raising China's rate to 125%. This sudden reversal triggered an historic market rally, with the S&P 500 surging 9.5% - one of its largest gains since World War II.
Trump explained the decision by stating people were getting "a little bit afraid" or "yippy." Media framing varied dramatically, with conservative outlets describing it as strategic negotiation while liberal sources called it a "surrender" or "flip-flop." Economists cautioned the pause might not prevent recession, despite the market surge.
By afternoon, a dramatic shift occurred. Trump announced a 90-day pause on tariffs for most nations while simultaneously raising China's rate to 125%. This sudden reversal triggered an historic market rally, with the S&P 500 surging 9.5% - one of its largest gains since World War II.
Trump explained the decision by stating people were getting "a little bit afraid" or "yippy." Media framing varied dramatically, with conservative outlets describing it as strategic negotiation while liberal sources called it a "surrender" or "flip-flop." Economists cautioned the pause might not prevent recession, despite the market surge.
Israel
•09.04.2025
•Wednesday
•138 days ago
•⌨
A senior Hezbollah official signaled unprecedented willingness to discuss disarmament if Israel withdraws from Lebanon, dominating morning headlines while Israeli security officials expressed skepticism. The IDF's investigation into the October 7 Sderot battle revealed critical failures: 11 unopened shelters, emergency teams lacking weapons, communication breakdowns between military and police, and 1,000 troops unnecessarily converging on the city while border areas remained vulnerable.
Meanwhile, Netanyahu testified in his corruption trial despite extreme fatigue after returning from Washington, criticizing former police chief Alsheich and calling the law enforcement system "a dark regime." Netanyahu also convened a security cabinet without Shin Bet chief Bar despite a Supreme Court ruling against his exclusion.
By afternoon, the IDF struck Shuja'iyya in Gaza, reportedly killing a Hamas battalion commander and dozens of others. Trump unexpectedly froze his tariff plan for 90 days for most countries while raising China's tariffs to 125%, causing stock markets to jump. Trump later threatened joint US-Israeli military action against Iran if nuclear talks fail.
Meanwhile, Netanyahu testified in his corruption trial despite extreme fatigue after returning from Washington, criticizing former police chief Alsheich and calling the law enforcement system "a dark regime." Netanyahu also convened a security cabinet without Shin Bet chief Bar despite a Supreme Court ruling against his exclusion.
By afternoon, the IDF struck Shuja'iyya in Gaza, reportedly killing a Hamas battalion commander and dozens of others. Trump unexpectedly froze his tariff plan for 90 days for most countries while raising China's tariffs to 125%, causing stock markets to jump. Trump later threatened joint US-Israeli military action against Iran if nuclear talks fail.
Germany
•09.04.2025
•Wednesday
•138 days ago
•⌨
CDU/CSU and SPD finalized their 140-page coalition agreement after days of intense negotiations, with details emerging throughout the morning. The parties announced ministerial distributions with CDU securing Interior and Foreign ministries while SPD claimed Defense and Finance. Merz is expected to become Chancellor by May 7th.
Economic news was dominated by escalating trade tensions. China responded to Trump's 104% tariffs with 84% counter-tariffs, sending markets lower again. By afternoon, the EU approved its first counter-measures against US goods. Trump unexpectedly announced a 90-day tariff pause for most countries while simultaneously increasing tariffs on Chinese goods to 125%.
Politically significant was an INSA poll showing AfD surpassing Union parties for the first time nationally, reaching 25% support. This historic milestone occurred precisely as Germany's traditional parties were cementing their coalition government, highlighting the political polarization facing the country.
Economic news was dominated by escalating trade tensions. China responded to Trump's 104% tariffs with 84% counter-tariffs, sending markets lower again. By afternoon, the EU approved its first counter-measures against US goods. Trump unexpectedly announced a 90-day tariff pause for most countries while simultaneously increasing tariffs on Chinese goods to 125%.
Politically significant was an INSA poll showing AfD surpassing Union parties for the first time nationally, reaching 25% support. This historic milestone occurred precisely as Germany's traditional parties were cementing their coalition government, highlighting the political polarization facing the country.
France
•09.04.2025
•Wednesday
•138 days ago
•⌨
Trump's tariffs officially took effect in the morning, causing European markets to plunge, with the CAC 40 dropping 2.8%. China immediately announced retaliatory measures, increasing duties on American products from 34% to 84%, which further accelerated market losses.
The EU adopted its first countermeasures, imposing 25% tariffs on American motorcycles, soybeans, poultry and cosmetics worth €21 billion. Economists warned about negative impacts on French growth and employment, with approximately 28,000 French businesses affected by Trump's measures.
In a dramatic reversal by evening, Trump announced a 90-day "pause" in tariffs for all countries except China, against which he increased duties to 125%. Wall Street immediately rallied on this news.
Domestically, Lyon's Green Party mayor Grégory Doucet was taken into police custody regarding a financial investigation but released later in the day. President Macron announced France could recognize a Palestinian state as early as June.
The EU adopted its first countermeasures, imposing 25% tariffs on American motorcycles, soybeans, poultry and cosmetics worth €21 billion. Economists warned about negative impacts on French growth and employment, with approximately 28,000 French businesses affected by Trump's measures.
In a dramatic reversal by evening, Trump announced a 90-day "pause" in tariffs for all countries except China, against which he increased duties to 125%. Wall Street immediately rallied on this news.
Domestically, Lyon's Green Party mayor Grégory Doucet was taken into police custody regarding a financial investigation but released later in the day. President Macron announced France could recognize a Palestinian state as early as June.
Lebanon
•09.04.2025
•Wednesday
•138 days ago
•⌨
Hezbollah indicated willingness to discuss its weapons if Israel withdraws from South Lebanon, a significant shift following US envoy Ortagus's visit and her 10-day ultimatum. Prime Minister Salam confirmed this issue would "soon" be discussed by the government, while reports emerged of direct dialogue between President Aoun and Hezbollah on state monopoly of weapons.
The Lebanese Army inspected a site in Shoueifat after Israeli allegations of Hezbollah rebuilding underground military infrastructure there. An Israeli drone crashed in Lebanese territory due to technical failure, according to Israeli military statements.
Economic tensions escalated as Trump's tariffs affecting 57 countries took effect, with China retaliating with 84% tariffs on American goods, though Trump later suspended global tariffs for 90 days except for China.
French judges planned to visit Lebanon to meet Judge Bitar regarding the port explosion case, while France's Macron indicated potential Palestinian state recognition in June.
The Lebanese Army inspected a site in Shoueifat after Israeli allegations of Hezbollah rebuilding underground military infrastructure there. An Israeli drone crashed in Lebanese territory due to technical failure, according to Israeli military statements.
Economic tensions escalated as Trump's tariffs affecting 57 countries took effect, with China retaliating with 84% tariffs on American goods, though Trump later suspended global tariffs for 90 days except for China.
French judges planned to visit Lebanon to meet Judge Bitar regarding the port explosion case, while France's Macron indicated potential Palestinian state recognition in June.
Ukraine
•09.04.2025
•Wednesday
•138 days ago
•⌨
Russia launched massive drone strikes against Ukrainian cities overnight, hitting Kharkiv with over 20 explosions and causing 15 injuries in Dnipro. Commander-in-Chief Syrskyi announced Russia has effectively begun offensives in Sumy and Kharkiv regions, though the General Staff later clarified no fundamental changes occurred at the front.
Ukraine countered with its own large-scale drone campaign, striking military targets across 13 Russian regions. Syrskyi confirmed a Ukrainian drone destroyed a $100 million Russian Tu-22M3 strategic bomber and revealed Russia's mobilization capacity of 5 million prepared personnel with 20 million overall.
The captured Chinese nationals story escalated as Zelensky released interrogation footage, identifying 155 Chinese citizens fighting for Russia. One prisoner admitted paying 300,000 to join Russia's forces. The international tariff war intensified as Trump's policies took effect, with China retaliating by raising duties on US goods to 84%.
Ukraine countered with its own large-scale drone campaign, striking military targets across 13 Russian regions. Syrskyi confirmed a Ukrainian drone destroyed a $100 million Russian Tu-22M3 strategic bomber and revealed Russia's mobilization capacity of 5 million prepared personnel with 20 million overall.
The captured Chinese nationals story escalated as Zelensky released interrogation footage, identifying 155 Chinese citizens fighting for Russia. One prisoner admitted paying 300,000 to join Russia's forces. The international tariff war intensified as Trump's policies took effect, with China retaliating by raising duties on US goods to 84%.
Palestine
•09.04.2025
•Wednesday
•138 days ago
•⌨
A devastating Israeli airstrike on Shuja'iyya neighborhood dominated coverage, with death tolls rising from 20 to 50 throughout the day as media documented casualties. Israeli military claimed targeting a senior Hamas leader, while Palestinian sources reported extensive civilian casualties.
Reports continued from previous days' themes of starvation and water crisis, with Gaza municipality warning of a "thirst crisis" affecting hundreds of thousands. Health officials stated malnutrition threatens 60,000 children with serious complications.
Political developments included International Parliamentary Union unanimously adopting the two-state solution, reports of Netanyahu revealing secret negotiations to relocate Gazans, and Macron suggesting France might recognize Palestinian statehood in June. Israel reportedly plans to convert Rafah into a buffer zone and annex one-fifth of Gaza territory.
The shekel continued its collapse against major currencies amid escalating tariff wars.
Reports continued from previous days' themes of starvation and water crisis, with Gaza municipality warning of a "thirst crisis" affecting hundreds of thousands. Health officials stated malnutrition threatens 60,000 children with serious complications.
Political developments included International Parliamentary Union unanimously adopting the two-state solution, reports of Netanyahu revealing secret negotiations to relocate Gazans, and Macron suggesting France might recognize Palestinian statehood in June. Israel reportedly plans to convert Rafah into a buffer zone and annex one-fifth of Gaza territory.
The shekel continued its collapse against major currencies amid escalating tariff wars.
UK
•09.04.2025
•Wednesday
•138 days ago
•⌨
Trump's 104% tariffs on China and levies on 60 countries took effect at midnight, immediately causing Asian markets to fall. By morning, China accused the US of "bullying" while Trump claimed countries were "kissing my a**" for trade deals.
By midday, Beijing retaliated with 84% tariffs on US goods, accelerating the trade war. The EU simultaneously voted for its own retaliatory measures against Washington.
The afternoon saw UK stocks drop to a 13-month low amid warnings of intensified economic uncertainty. Then came a dramatic shift: Trump announced a 90-day pause on higher tariffs for most countries, setting a "baseline" of 10% - but increased China's rate to 125%, citing Beijing's "lack of respect."
Markets soared on this partial retreat, with Trump explaining countries were getting "yippy" and "afraid." The White House later confirmed Trump remains open to negotiations despite the China escalation.
By midday, Beijing retaliated with 84% tariffs on US goods, accelerating the trade war. The EU simultaneously voted for its own retaliatory measures against Washington.
The afternoon saw UK stocks drop to a 13-month low amid warnings of intensified economic uncertainty. Then came a dramatic shift: Trump announced a 90-day pause on higher tariffs for most countries, setting a "baseline" of 10% - but increased China's rate to 125%, citing Beijing's "lack of respect."
Markets soared on this partial retreat, with Trump explaining countries were getting "yippy" and "afraid." The White House later confirmed Trump remains open to negotiations despite the China escalation.
Iran
•09.04.2025
•Wednesday
•138 days ago
•⌨
Foreign Minister Araghchi confirmed the upcoming Oman talks will be indirect and focused solely on nuclear issues and sanctions relief, describing them as "a test of US seriousness." The narrative consolidated as President Pezeshkian toured Iran's nuclear achievements exhibition, emphasizing Iran seeks dialogue "with dignity" but won't compromise on its nuclear program.
By midday, Pezeshkian made the significant revelation that the Supreme Leader approves of American investment in Iran, while maintaining the nuclear talks would follow Khamenei's guidance. This economic opening represents a potential shift in Iran's position.
The diplomatic standoff continued as US State Department insisted the meetings are "not negotiations" but simply "a meeting," while simultaneously imposing new sanctions on five entities and one individual supporting Iran's nuclear program. Trump closed the day with another threat, stating Israel "would play an important role" in any military action against Iran.
By midday, Pezeshkian made the significant revelation that the Supreme Leader approves of American investment in Iran, while maintaining the nuclear talks would follow Khamenei's guidance. This economic opening represents a potential shift in Iran's position.
The diplomatic standoff continued as US State Department insisted the meetings are "not negotiations" but simply "a meeting," while simultaneously imposing new sanctions on five entities and one individual supporting Iran's nuclear program. Trump closed the day with another threat, stating Israel "would play an important role" in any military action against Iran.
Russia
•09.04.2025
•Wednesday
•138 days ago
•⌨
Morning headlines focused on Trump's coal industry revival orders and Chinese tariffs, with Russia claiming air defense destroyed 158 Ukrainian drones overnight. Actor Mikhail Efremov's release on parole received significant coverage.
By midday, Ukrainian forces reportedly attacked the Turkish Stream gas pipeline infrastructure in Kuban, a strategic escalation targeting Russian energy exports to Europe. Simultaneously, Ukraine's commander confirmed Russia launched a new offensive in Sumy and Kharkiv regions, while General Popov returned to command after his earlier appeal to Putin.
Trade war intensified throughout the day with the EU approving €22 billion in retaliatory tariffs against the US. China responded to Trump's 104% tariffs with its own 84% duties, prompting Trump to immediately escalate to 125% by evening. Moscow Exchange index fell alongside oil prices, which dropped below $61 per barrel for the first time since March 2021.
By midday, Ukrainian forces reportedly attacked the Turkish Stream gas pipeline infrastructure in Kuban, a strategic escalation targeting Russian energy exports to Europe. Simultaneously, Ukraine's commander confirmed Russia launched a new offensive in Sumy and Kharkiv regions, while General Popov returned to command after his earlier appeal to Putin.
Trade war intensified throughout the day with the EU approving €22 billion in retaliatory tariffs against the US. China responded to Trump's 104% tariffs with its own 84% duties, prompting Trump to immediately escalate to 125% by evening. Moscow Exchange index fell alongside oil prices, which dropped below $61 per barrel for the first time since March 2021.
Italy
•09.04.2025
•Wednesday
•138 days ago
•⌨
Trump's 104% Chinese tariffs took effect early morning, triggering another Asian market selloff. By mid-morning, China announced retaliatory tariffs up to 84% on American goods, while the EU approved 25% countermeasures.
Trump made vulgar comments about foreign leaders "kissing his ass" to secure trade deals, stoking further tensions. European markets suffered heavily, with Milan closing down 2.75%.
In a dramatic evening reversal, Trump announced a 90-day pause on reciprocal tariffs for most countries while simultaneously increasing China's rate to 125%. He admitted "people were a bit scared," triggering a historic Wall Street rebound—Nasdaq closed up 12.16%, with Apple gaining 12% and Tesla 22.7%.
In domestic news, Italy's Supreme Court rejected the Interior Ministry's appeal, ruling that ID cards should use the generic term "parents" rather than "father" and "mother." King Charles III and Queen Camilla addressed the Italian Parliament and met with Pope Francis.
Trump made vulgar comments about foreign leaders "kissing his ass" to secure trade deals, stoking further tensions. European markets suffered heavily, with Milan closing down 2.75%.
In a dramatic evening reversal, Trump announced a 90-day pause on reciprocal tariffs for most countries while simultaneously increasing China's rate to 125%. He admitted "people were a bit scared," triggering a historic Wall Street rebound—Nasdaq closed up 12.16%, with Apple gaining 12% and Tesla 22.7%.
In domestic news, Italy's Supreme Court rejected the Interior Ministry's appeal, ruling that ID cards should use the generic term "parents" rather than "father" and "mother." King Charles III and Queen Camilla addressed the Italian Parliament and met with Pope Francis.
Japan
•09.04.2025
•Wednesday
•138 days ago
•⌨
Trump's sweeping tariffs officially took effect overnight, with Japan facing 24% duties while China received a cumulative 104%. By morning, Japanese markets responded with sharp declines, extending the previous day's volatility despite Tuesday's historic Nikkei rebound.
Japan positioned itself among the first countries to enter negotiations, with its government formally requesting the US drop these "regrettable" tariffs. The economic impact quickly spread domestically with concerns about household food prices emerging.
By midday, China dramatically escalated the conflict by announcing additional 50% duties on US goods, bringing their total retaliatory tariff to 84%. This immediate counter-measure transformed what began as Trump's unilateral action into a rapidly spiraling trade war.
Meanwhile, domestic concerns continued with 24,000 users applying for refunds from the recent ETC system failure, while discriminatory language surrounding decontaminated soil sparked social discourse.
Japan positioned itself among the first countries to enter negotiations, with its government formally requesting the US drop these "regrettable" tariffs. The economic impact quickly spread domestically with concerns about household food prices emerging.
By midday, China dramatically escalated the conflict by announcing additional 50% duties on US goods, bringing their total retaliatory tariff to 84%. This immediate counter-measure transformed what began as Trump's unilateral action into a rapidly spiraling trade war.
Meanwhile, domestic concerns continued with 24,000 users applying for refunds from the recent ETC system failure, while discriminatory language surrounding decontaminated soil sparked social discourse.
Netherlands
•09.04.2025
•Wednesday
•138 days ago
•⌨
The global trade war that triggered "Black Monday" intensified dramatically. Morning reports described Chinese retaliation with 84% tariffs on American products, sending European markets into further decline. By early afternoon, EU members unanimously approved €22 billion in countermeasures targeting American products like soya, motorcycles, and cosmetics.
Economic casualties mounted as Tata Steel announced cutting 1,600 jobs in IJmuiden, citing Trump's tariffs and Chinese competition. American treasury bonds destabilized, threatening the global financial system's foundation.
In an evening pivot, Trump announced a 90-day pause on tariffs for "most countries" while simultaneously increasing China-specific import duties to 125%. Markets responded immediately, with American indices surging. The Netherlands reported 251 measles cases already surpassing 2024's total, and pro-Palestinian protesters occupied a building at the Free University of Amsterdam.
Economic casualties mounted as Tata Steel announced cutting 1,600 jobs in IJmuiden, citing Trump's tariffs and Chinese competition. American treasury bonds destabilized, threatening the global financial system's foundation.
In an evening pivot, Trump announced a 90-day pause on tariffs for "most countries" while simultaneously increasing China-specific import duties to 125%. Markets responded immediately, with American indices surging. The Netherlands reported 251 measles cases already surpassing 2024's total, and pro-Palestinian protesters occupied a building at the Free University of Amsterdam.
India
•09.04.2025
•Wednesday
•138 days ago
•⌨
The trade war escalated dramatically throughout the day. Trump's 104% tariff on China and 26% on India took effect in the morning, prompting China to respond with an 84% tariff on US goods. By evening, Trump announced a 90-day pause on tariffs for most countries while increasing China's tariff to 125%.
The Reserve Bank of India cut the repo rate by 25 basis points to 6%, its second consecutive reduction, offering relief to borrowers amid the tariff turbulence.
India approved a Rs 63,000 crore deal to purchase 26 Rafale Marine jets from France, strengthening naval capabilities. The government also terminated Bangladesh's transshipment facility following Prime Minister Yunus's increasing engagement with China.
26/11 Mumbai attack conspirator Tahawwur Rana was extradited from the US, with his special flight expected to land in Delhi tomorrow. He will be held in Tihar jail and face trial for his role in the attacks.
The Reserve Bank of India cut the repo rate by 25 basis points to 6%, its second consecutive reduction, offering relief to borrowers amid the tariff turbulence.
India approved a Rs 63,000 crore deal to purchase 26 Rafale Marine jets from France, strengthening naval capabilities. The government also terminated Bangladesh's transshipment facility following Prime Minister Yunus's increasing engagement with China.
26/11 Mumbai attack conspirator Tahawwur Rana was extradited from the US, with his special flight expected to land in Delhi tomorrow. He will be held in Tihar jail and face trial for his role in the attacks.
Poland
•09.04.2025
•Wednesday
•138 days ago
•⌨
Presidential candidate Trzaskowski challenged PiS candidate Nawrocki to a debate in Końskie, which Nawrocki accepted with the condition that all television stations participate, not just those perceived as pro-government. This sparked controversy about media pluralism.
Morning headlines focused on Trump's trade policies, with reports of his mockery of foreign leaders seeking tariff relief. By mid-day, attention shifted to media freedom issues after an administrative court revoked broadcasting licenses for right-wing TV stations Republika and wPolsce24, prompting accusations from PiS politicians of "liquidating democracy" and threats of street protests.
The European Union approved its first round of retaliatory tariffs against the US despite Hungary's opposition, but by evening Trump announced he would suspend tariffs for 90 days on 75 countries that had not retaliated, while increasing tariffs on China to 125%. Prime Minister Tusk responded to this unexpected development.
Morning headlines focused on Trump's trade policies, with reports of his mockery of foreign leaders seeking tariff relief. By mid-day, attention shifted to media freedom issues after an administrative court revoked broadcasting licenses for right-wing TV stations Republika and wPolsce24, prompting accusations from PiS politicians of "liquidating democracy" and threats of street protests.
The European Union approved its first round of retaliatory tariffs against the US despite Hungary's opposition, but by evening Trump announced he would suspend tariffs for 90 days on 75 countries that had not retaliated, while increasing tariffs on China to 125%. Prime Minister Tusk responded to this unexpected development.
Spain
•09.04.2025
•Wednesday
•138 days ago
•⌨
The tariff war escalated dramatically as Trump implemented his threatened duties. China immediately countered with 84% tariffs on all US products, strategically targeting rare earth materials essential for American manufacturing. By midday, the EU approved retaliatory tariffs worth €21 billion on US goods, with only Hungary opposing.
European markets suffered, with Spain's IBEX plunging 2.7%. The Bank of Spain announced it would lower growth forecasts due to trade disruptions. Spanish Prime Minister Sánchez, visiting Vietnam, warned that "workers lose the most in trade wars" while the US Treasury Secretary cautioned Spain against closer Chinese ties, describing it as "cutting its own throat."
By evening, Trump made a surprising move, suspending tariffs for 90 days for most countries while increasing China's to 125%. This announcement triggered Wall Street to surge over 7%, demonstrating the volatile market reactions to Trump's unpredictable trade strategies.
European markets suffered, with Spain's IBEX plunging 2.7%. The Bank of Spain announced it would lower growth forecasts due to trade disruptions. Spanish Prime Minister Sánchez, visiting Vietnam, warned that "workers lose the most in trade wars" while the US Treasury Secretary cautioned Spain against closer Chinese ties, describing it as "cutting its own throat."
By evening, Trump made a surprising move, suspending tariffs for 90 days for most countries while increasing China's to 125%. This announcement triggered Wall Street to surge over 7%, demonstrating the volatile market reactions to Trump's unpredictable trade strategies.
Turkey
•09.04.2025
•Wednesday
•138 days ago
•⌨
The morning began with a 4.2 magnitude earthquake in Gümüşhane, while nationwide discussions continued about detained students and Mayor İmamoğlu. By midday, attention shifted to Justice Minister Tunç suggesting that house arrest might be appropriate for İBB Secretary General Mahir Polat, who was indeed released to house arrest by early afternoon.
The "cunta" controversy intensified as Erdoğan targeted İsmet İnönü in his comments while CHP leader Özgür Özel escalated tensions, directly calling Erdoğan both a "cuntacı" (junta member) and "the head of the junta" during an evening rally in Şişli where protestors had gathered against trustee appointments.
International economic tensions featured prominently as China raised tariffs to 84%, followed by Trump increasing levies to 125%. Erdoğan claimed Turkey would be "less affected" by this "severe storm."
Meanwhile, DEM Party representatives Önder and Buldan were set to meet Erdoğan tomorrow at the Presidential Palace.
The "cunta" controversy intensified as Erdoğan targeted İsmet İnönü in his comments while CHP leader Özgür Özel escalated tensions, directly calling Erdoğan both a "cuntacı" (junta member) and "the head of the junta" during an evening rally in Şişli where protestors had gathered against trustee appointments.
International economic tensions featured prominently as China raised tariffs to 84%, followed by Trump increasing levies to 125%. Erdoğan claimed Turkey would be "less affected" by this "severe storm."
Meanwhile, DEM Party representatives Önder and Buldan were set to meet Erdoğan tomorrow at the Presidential Palace.
China
•09.04.2025
•Wednesday
•138 days ago
•⌨
Trump's 104% tariffs on Chinese goods took effect this morning, triggering significant market reactions with the offshore yuan breaking 7.42 against the dollar and Asian Pacific stocks sliding. By midday, China responded forcefully, announcing additional 50% tariffs on US products, bringing the total to 84%, while releasing a white paper on China-US economic relations.
Simultaneously, Xi Jinping convened a Central Conference on Neighborhood Diplomacy, emphasizing building a "community with shared future" with neighboring countries – likely seeking regional allies amid trade tensions. State media deployed synchronized messaging publishing identical articles stating "the most important thing is to concentrate on doing our own things well" across multiple outlets.
The coordinated response continues patterns from earlier this week, with authorities projecting confidence despite market turmoil. Chinese exporters reportedly abandoned shipments mid-voyage to avoid Trump's crushing tariffs, while economic indicators showed March CPI decline may narrow to 0.2%.
Simultaneously, Xi Jinping convened a Central Conference on Neighborhood Diplomacy, emphasizing building a "community with shared future" with neighboring countries – likely seeking regional allies amid trade tensions. State media deployed synchronized messaging publishing identical articles stating "the most important thing is to concentrate on doing our own things well" across multiple outlets.
The coordinated response continues patterns from earlier this week, with authorities projecting confidence despite market turmoil. Chinese exporters reportedly abandoned shipments mid-voyage to avoid Trump's crushing tariffs, while economic indicators showed March CPI decline may narrow to 0.2%.
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