Trump newest: China warns president to ‘stop whining’ over tariffs after US curbs Nvidia chip gross sales in commerce warfare

Trump newest: China warns president to ‘stop whining’ over tariffs after US curbs Nvidia chip gross sales in commerce warfare
Trump speculates tariffs could replace income tax

China has warned Donald Trump to “stop whining” about being a victim over tariffs in the escalating trade war between the two nations.

It comes as the president claims the U.S is “taking in RECORD NUMBERS in Tariffs” which was helping fight inflation, after he raised import duties on nearly all trading partners.

However, it is Beijing that is facing the most stringent measures. The U.S, which raised duties on Chinese products to 145 per cent and has has tightened export rules – with computer chip manufacturing giant Nvidia among those affected.

A fact sheet published by the White House on Tuesday said that China “now faces up to a 245 percent tariff”, and China’s foreign ministry urged reporters to question the Trump administration over the figure.

Beijing, which raised tariffs on U.S. goods to 125 per cent, has reportedly told airlines to halt ordering Boeing jets and other U.S aircraft parts. In an editorial on Wednesday, state media outlet China Daily said the U.S. “should stop whining about itself being a victim in global trade”.

China urges U.S. to ‘stop threatening and blackmailing’ over apparent 245% tariff threat

China’s foreign ministry has urged journalists to question the White House over a new fact sheet claiming China faces 245 percent tariffs from the U.S.

The fact sheet published by the White House on Tuesday said that China “now faces up to a 245 percent tariff on imports to the United States” because of its retaliatory actions. The fact sheet did not detail where the extra 100 percent would come from.

When asked about the fact sheet, China’s foreign ministry spokesperson Lin Jian said “you can take this number to the U.S. side for an answer,” according to Chinese state media.

Lin reiterated that the trade war was started by the U.S. and China has simply taken action to protect its interests.

“If the US genuinely wants to solve the problem through dialogue and negotiation, it should give up its approach of imposing extreme pressure, stop threatening and blackmailing, and engage in dialogue with the Chinese side on the basis of equality, respect and mutual benefit,” he said, according to China Daily.

Rachel Clun16 April 2025 11:48

Trump says Japan negotiations beginning today

Donald Trump says trade negotiations with Japan will start today, and he will personally attend the meeting.

“Japan is coming in today to negotiate Tariffs, the cost of military support, and ‘TRADE FAIRNESS.’” he wrote on social media.

“I will attend the meeting, along with Treasury & Commerce Secretaries. Hopefully something can be worked out which is good (GREAT!) for Japan and the USA!”

The president imposed “reciprocal” tariffs of 24 per cent on Japan, which have since been paused for 90 days.

However, the broad-based 10 per cent tariff remains, as does a 25 per cent tariff on vehicles exported to the U.S.

Rachel Clun16 April 2025 11:25

What extra revenue could higher U.S. tariffs generate?

Earlier today President Donald Trump claimed that the U.S. was “taking in RECORD NUMBERS in Tariffs”. But what are some estimates of how much the tariffs will generate in revenue?

According to the nonprofit Tax Foundation, the average effective tariff weight – that is, how much the combined tariffs will raise after accounting for changing behaviour – will rise to 11.5 per cent.

It estimates that a 10 percent universal tariff, which remains in place despite the pause on higher tariffs, could raise $2.2 trillion over the next decade.

Rachel Clun16 April 2025 11:16

Gold prices rise to new high

Investors have continued to flock to the safe bet of gold, with bullion prices rising to a fresh highGold prices have risen to a fresh high of $3,318.

Uncertainties around Donald Trump’s tariff plans left gold in an unstoppable position, with the bullion hitting another record high of $3,318 per ounce, up nearly 3 percent and surpassing the previous high set on Monday.

Asian and European shares fell on Wednesday, while U.S chip maker Nvidia also took a hit due to U.S. restrictions on chip sales to China amid the ongoing global trade war.

Australian bank ANZ updated its forecast for gold to hit $3,600 an ounce by the end of the year, arguing on Wednesday that safe-haven demand for the asset would pick up.

Asian and European markets fell on Wednesday morning (Copyright 2025 The Associated Press. All rights reserved.)
Rachel Clun16 April 2025 11:11

In pictures: Chinese president visits Malaysia

Chinese President Xi Jinping is on a state visit to three countries in South East Asia, amid global uncertainty and turmoil over new U.S tariffs on trading partners.

Xi arrived in Malaysia today after visiting Vietnam, and will visit Cambodia next.

Donald Trump impose reciprocal tariffs of 49 percent on Cambodia, 26 percent on Vietnam and 24 percent on Malaysia before pausing those steep increases for 90 days late last week.

Xi is using the visits to strengthen bilateral relations with the South East Asian nations.

Chinese President Xi Jinping, inspects an honour guard during the official welcoming ceremony at the national palace in Kuala Lumpur (via REUTERS)
Malaysian King Sultan Ibrahim Sultan Iskandar, center, stands next to Chinese President Xi Jinping, left, and Malaysian Prime Minister Anwar Ibrahim during an official welcoming ceremony (via REUTERS)
A handout photo of Malaysia’s King Sultan Ibrahim shaking hands with China’s President Xi Jinping on Wednesday (MALAYSIA’S DEPARTMENT OF INFORMATION)
Rachel Clun16 April 2025 11:05

Why do tariffs on Taiwan matter?

Donald Trump slapped “reciprocal” tariffs on Taiwan of 32 per cent before pausing that duty hike, but he said tariffs on semiconductors would be increased this week.

Taiwan is one of the world’s largest producers of semiconductors, accounting for about 20 per cent of the global industry.

Semiconductors are key components in computer chips, and Taiwan also dominates that market as well, manufacturing 92 percent of the worlds’ most advanced chips according to a report by the U.S. International Trade Commission.

Chips are the backbone of modern society, and are in everything from iPhones and computers to cars.

Rachel Clun16 April 2025 10:54

U.S. senators visit Taiwan as 32 percent tariffs loom

Three U.S. senators are visiting Taiwain to discuss U.S-Taiwan relations and trade, as tariffs of 32 percent on Taiwanese goods exported to America loom.

Republican Senator Pete Ricketts, who chairs the Senate Foreign Relations Committee’s Subcommittee on East Asia, is leading the delegation that will be in Taiwan until April 19, the American Institute in Taiwan said in a statement.

Also going on the visit is Republican senator Ted Budd and Democrat senator Chris Coons.

“The delegation will engage in a series of high-level meetings with senior Taiwan leaders to discuss U.S.-Taiwan relations, regional security, trade and investment, and other significant issues of mutual interest,” the institute said.

“Their visit underscores the United States’ commitment to its partnership with Taiwan and reaffirms our shared commitment to strengthening a Free and Open Indo-Pacific.”

Rachel Clun16 April 2025 10:42

U.S. wants trading partners to move away from China, according to reports

The U.S. plans to use tariff negotiations to pressure other countries to limit their trade relationships with China, according to reports.

The U.S. wants commitments from dozens of countries facing higher tariffs on their goods exported to America that they will not allow Chinese companies to establish facilities on their territory, people with knowledge of the plan told the Wall Street Journal.

Negotiations will also be used to pressure trading partners to now allow the shipment of Chinese goods through their territory and to avoid bringing cheap industrial goods from China into their countries.

Neither the White House nor Treasury responded to the WSJ’s request for comment.

Rachel Clun16 April 2025 10:31

‘Ball is in China’s court’ on trade, White House says

The top White House spokesperson said it was up to China to make a deal with America to resoved the ongoing trade war.

President Donald Trump imposed tariffs of up to 145 percent on Chinese goods to boost tax revenue and force China to make concessions, but so far the Chinese government has responded by raising tariffs on U.S. goods to 125 percent.

China has said repeatedly that while it doesn’t want to fight trade wars, it was not scared of them.

China’s official media outlet the China Daily said overnight that the U.S. “should stop whining about itself being a victim in global trade”.

At a news briefing on Tuesday, White House press secretary Karoline Leavitt said that “the ball is in China’s court.”

“China needs to make a deal with us. We don’t have to make a deal with them. There’s no difference between China and any other country except they are much larger,” she said.

“And China wants what we have, what every country wants … the American consumer. Or to put it another way, they need our money.”

White House Press Secretary Karoline Leavitt speaks during the daily briefing on Tuesday (AFP via Getty Images)
Rachel Clun16 April 2025 10:20

Watch: Biden slams Republicans over Social Security cuts

In his first major speech since leaving office, former president Joe Biden hit back at Republicans for their attacks on Social Security.

Biden slams Republicans over Social Security cuts in first speech since leaving office
Rachel Clun16 April 2025 10:09

Source: independent.co.uk