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3 Things

The Catch Up: 10 April

Apr 10, 2025
Tensions between China and the U.S. are heating up as Beijing firmly pushes back against new tariffs, warning of inevitable consequences. In contrast, Japan, South Korea, and Australia see market surges amid a temporary tariff pause for other nations. Meanwhile, India is navigating its own path, eyeing a potential trade deal with the U.S. while sidestepping direct conflict over tariffs. The conversation also sheds light on pressing humanitarian crises, including the ongoing airstrikes in Gaza and their global implications.
04:16

Podcast summary created with Snipd AI

Quick takeaways

  • China firmly opposes the escalating U.S. tariffs, warning that it will not tolerate bullying and hints at possible retaliation.
  • India is proactively pursuing a bilateral trade agreement with the U.S. while simultaneously advancing efforts for justice in the 26/11 terror attacks.

Deep dives

Tariff Tensions Between the US and China

The ongoing trade war between the United States and China continues to escalate, with both nations exchanging strong rhetoric. China responded to the US's decision to raise tariffs on its goods to 125% by asserting that it does not seek conflict but will not tolerate bullying. This response, articulated by Foreign Ministry spokesperson Lin Jeanne, suggests potential retaliatory measures if the US persists. Meanwhile, the announcement of a 90-day tariff pause for other countries resulted in a surge in Asian markets, indicating a complex global reaction to the situation.

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