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Apr 10th, 2025, 1:23 AM ET·Politics

Trump Administration Implements Tariffs Targeting China Amid Trade Talks with Allies

New tariffs on Chinese goods reach 125% as the U.S. works with allies to challenge China's economic practices.


Summary

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Treasury Secretary Scott Bessent announced on Wednesday that the U.S. would impose tariffs of 125% on Chinese imports, while easing tariffs for other nations. This comes as part of a strategy to collaboratively negotiate trade agreements with various allies against China, which Bessent criticized as uncooperative in trade discussions. Many countries, including Japan and South Korea, are reportedly eager to engage the U.S. in restructuring trade terms, while concerns about a potential financial crisis arise amidst market volatility attributed to this shift in trade policy. President Trump emphasized his administration’s focus on revitalizing the American economy through these measures.

Sources (7)

Compare coverage of this story from news outlets across the political spectrum.
  • Western Journal
  • The Post Millennial
  • Fox Business
  • Breitbart News
  • Fox Business
  • Epoch Times
  • Fox Business
  • China is viewed as the primary source of U.S. trade problems, with the Trump administration aggressively increasing tariffs specifically against Beijing while negotiating with other countries.
  • Treasury Secretary Scott Bessent emphasizes a coordinated economic strategy against China, urging allies not to retaliate against U.S. tariffs and highlighting the need for negotiations.
  • President Trump asserts that the new tariffs will generate jobs and restore focus on the domestic economy, positioning the U.S. to emerge stronger from trade disputes with China.
Bessent Says U.S. Building Allied Trade Bloc to Isolate Beijing, Market Panic Overblown
Breitbart NewsBreitbart News·1M·
Right
This outlet favors right-wing views.

"…While others are seeking negotiations—including Japan, South Korea, India, and Vietnam—Beijing has instead responded with currency moves and retaliatory levies."

Trump agenda focused on Main Street, restoring American dream, Bessent says
Fox BusinessFox Business·1M·
Leans Right
This outlet slightly leans right.

"…Despite the success of Wall Street in recent years, the Trump administration believes it is Main Street’s turn to lead the economy."

US Treasury Secretary Warns Countries Not to Align With China
Epoch TimesEpoch Times·1M·
Right
This outlet favors right-wing views.

"…White House officials say that tariffs will help rebuild a domestic industrial base that has withered over decades of trade liberalization."

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Trump Administration Implements Tariffs Targeting China Amid Trade Talks with Allies - Pano News