Trump announces 90-day pause on tariffs for most countries, but raises them for China.
In a dramatic shift, the US president paused his reciprocal #tariffs on most countries, maintaining a 10% #tariff on nearly all global imports while raising the tariff on Chinese goods to 125%. Global markets surged on the development.
Facing a global market meltdown, Trump on Wednesday, April 9, abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the United States and most of the world to one between the #US and #China.
Dramatic sell-off of US government bonds as tariff war panic deepens | Bonds | The Guardian Business
#Trump #USTariffs #TradeWar
In a dramatic shift, the US president paused his reciprocal #tariffs on most countries, maintaining a 10% #tariff on nearly all global imports while raising the tariff on Chinese goods to 125%. Global markets surged on the development.
Facing a global market meltdown, Trump on Wednesday, April 9, abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the United States and most of the world to one between the #US and #China.
Dramatic sell-off of US government bonds as tariff war panic deepens | Bonds | The Guardian Business
#Trump #USTariffs #TradeWar
Starlink in Vietnam: A threat to national security under U.S. pressure | Telegraph
The entry of Starlink, Elon Musk’s satellite company, into Vietnam has been a contentious issue. Despite initial interest, the Vietnamese government resisted due to legitimate national security concerns. However, after facing commercial pressure and #tariffs threats from the Trump administration, Vietnam’s typically cautious National Assembly rushed to amend regulations to approve the service. This unusual move in the country’s political system raises serious doubts about #Vietnam’s sovereignty in the face of #US geopolitical interests.
#Starlink’s entry into Vietnam is not just a commercial deal—it is a geopolitical concession. Under economic pressure, the Vietnamese government is opening the door to potential #espionage and military control by the US, which is also a Vietnam’s historical adversary responsible for the mass killing of civilians with chemical and incendiary weapons during its illegal invasion launched 1965.
The entry of Starlink, Elon Musk’s satellite company, into Vietnam has been a contentious issue. Despite initial interest, the Vietnamese government resisted due to legitimate national security concerns. However, after facing commercial pressure and #tariffs threats from the Trump administration, Vietnam’s typically cautious National Assembly rushed to amend regulations to approve the service. This unusual move in the country’s political system raises serious doubts about #Vietnam’s sovereignty in the face of #US geopolitical interests.
#Starlink’s entry into Vietnam is not just a commercial deal—it is a geopolitical concession. Under economic pressure, the Vietnamese government is opening the door to potential #espionage and military control by the US, which is also a Vietnam’s historical adversary responsible for the mass killing of civilians with chemical and incendiary weapons during its illegal invasion launched 1965.