Apple News Today China hits back at U.S. tariffs
9 snips
Apr 10, 2025 China pushes back against U.S. tariffs with strategic implications, especially regarding rare earth minerals. A new agreement allows the IRS and DHS to share taxpayer data, raising concerns for immigrants. International students face sudden visa revocations, particularly impacting those involved in pro-Palestinian activism. The chilling effects of targeted detentions on civil rights are highlighted, alongside funding cuts affecting climate research. Additionally, a historic milestone is celebrated, marking the 50th anniversary of Lee Elder's participation in the Masters.
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Trade War Escalation
- Trump doubled down on tariffs against China, increasing them to 125%.
- China retaliated by increasing tariffs on all U.S. imports to 84%, unwilling to concede to Trump's pressure.
China's Economic Strategy
- Xi Jinping has been preparing for economic conflict with the U.S. by fortifying China's economy.
- He's also employing retaliatory tactics like export controls on rare earth minerals.
Stalemate
- Neither the U.S. nor China seems willing to yield in the trade war.
- The country with less tolerance for economic hardship will likely be the first to give in.