US China Trade War Ratchets Up
Here's an overview of some major world news developments up to April 9, 2025, as of the most recent information available:
- **U.S.-China Trade War Ratchets Up**: The United States has introduced extra tariffs on Chinese imports, a 50% boost from today, April 9, in response to China's refusal to retract its own 34% counter-tariffs. This comes on the heels of President Trump's previous statement of a blanket 10% tariff on all imports and specific duty on 185 nations, escalating a worldwide trade war. Canada has countered with 25% tariffs on American autos that are non-compliant with the USMCA agreement, as of today.
- **Middle East Developments**: Calls are increasing for an inquiry into Gaza rescue worker killings, amidst continuing unrest. Direct nuclear negotiations between the U.S. and Iran are said to be imminent, marking a possible break after more than a decade of fruitless dialogue. The Israeli army action in Gaza continues, with Prime Minister Benjamin Netanyahu visiting the White House recently as the war against Hamas enters its 18th month.
- **European Responses**: Berlin is threatening to deport EU and U.S. citizens who took part in pro-Palestinian protests, showing increased tensions over free speech and security. In the UK, the first climate justice degree program has been launched, indicating a priority on environmental justice in education.
- **Global Economy and Markets**: U.S. stocks recovered on April 8 from three consecutive days of sharp declines, although fears remain of a recession triggered by Trump's tariff policies. Wall Street has started expressing concern despite previous support for promises of deregulation.
- **Other Significant Developments**: South Korea's president has been removed, a meningitis epidemic in Ghana is outstripping vaccine supplies, and India's Supreme Court has declared that moral policing is not its domain, overturning a fine for inflammatory tweets. In finance, India's central bank lowered its repo rate by 25 basis points to 6% in an effort to spur growth.
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