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An unprecedented trade war between the world’s two biggest economic superpowers is escalating.
From CNN International
The trade war between the world's two largest economies is escalating as China on Friday slapped a 125% tariff on U.S. goods in response to President Donald Trump's 145% tariff on Chinese products.
From U.S. News & World Report
Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.
From USA Today

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Investors flee U.S. assets but Chinese markets shrug off Trump’s 145% tariff as trade war begins
An escalating tit-for-tat retaliation between the U.S. and China could wipe out all bilateral trade between the the world's two largest economies.
US-China trade war escalates as Trump’s tariffs rattle markets
An unprecedented trade war between the United States and China is taking shape as both countries wait for the other to make the first move at a deal on tariffs. Follow for live news updates.
European markets rally after Trump's tariffs paused
The UK's FTSE 100 is up 6%, but Donald Trump's universal 10% levy for all countries, except China, remains in place.
Here's What Some Exporters in China Say About Trump's Trade War
The trade war between the world’s two largest economies is escalating as China slapped a 125% tariff on U.S. goods in response to President Donald Trump’s 145% tariff on Chinese products
China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday
China announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated a new trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries.
Trump admin live updates: Trump meets with Cabinet after tariff shake-up
President Donald Trump was set to meet with his Cabinet on Thursday in the 11 a.m. hour, according to the White House schedule. It comes after Trump changed course on tariffs on Wednesday, abruptly backing down on most of his severe levies against dozens of trading partners for 90 days while leaving in place a baseline 10% tariff on nearly every nation.
How Trump tariffs kicked off days of nerve-racking stock market trading
President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.
China hikes US tariffs to 125% as trade war with Trump administration escalates
China announced Friday that it will hike tariffs on American imports from 84% to 125% in its latest retaliatory action against President Donald Trump’s tariffs.
Trump says he would love to make a trade deal with China
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
Ten trading days that shook financial markets
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Asia markets ended mixed after volatile trading
Asian markets are down despite Trump's tariff pause, ending a brief relief rally. Investors remain wary due to ongoing US-China trade tensions and high tariff rates. US futures are also falling, reflecting persistent market uncertainty and economic concerns.
Bond Markets Retreat as US Treasuries Lead Yield Jump Worldwide
A pullback from US Treasuries sent longer-term yields surging by the most since pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sell government bonds to raise cash.
Stocks, dollar sink, bonds pummelled again as trade war roils markets
Global stocks slumped and the dollar sank further on Friday, while a manic bond selloff took hold in a brutal end to the week of tit-for-tat worldwide tariffs that have fed fears of a deep recession and shaken investor confidence in U.
Markets soar as Trump pauses higher tariffs on most countries but hits China with 125% rate
The so-called "magnificent seven" - which is made up of Nvidia, Alphabet, Amazon, Apple, Microsoft, Meta, and Tesla - has accounted for a large chunk of the more than $5tn (£3.9tn) the S&P 500 index has lost in value in recent trading sessions, Reuters news agency reported yesterday.
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‘I’ve made the most money over the last 30 years buying solid companies in terrible markets’: Should I start buying?
Not since the pandemic in 2020 have individuals felt there was such an opportunity to buy the dip. The backdrop is stark: U.S. stocks experienced their most dramatic two-day wipeout in history. In total, markets have shed $11 trillion since Inauguration Day, $6.6 trillion of which was wiped out on Thursday and Friday.
Morning Bid: Back to white-knuckle ride in the markets
A look at the day ahead in European and global markets from Ankur Banerjee Fears of a sharp downturn in the global economy have sent markets convulsing once more, with action focused on currencies and bonds as the escalating U.
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