China responds with tariff increases as markets express concern
April 11, 2025
Donald Trump defended his tariff policy, claiming it is successful despite China's retaliatory measures increasing tariffs on American goods. The markets reacted negatively to the new countermeasures, leading to a decline in the dollar and US Treasury yields. Despite challenges, Trump expressed optimism about a potential agreement with China. However, these hopes raise concerns about the impact on the global economy.