China Hits U.S. Goods With 125% Tariff

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 11 April 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 11. Beijing unveils another round of trade countermeasures against Washington, saying its latest duties on U.S. products will make them no longer marketable in the country. Rathbones’ Ed Smith joins us to discuss how investors can prepare for the road ahead after a volatile week for markets. Plus, the WSJ’s Benoit Faucon previews high-stakes U.S.-Iran nuclear talks. And the Supreme Court orders the return of a man mistakenly deported to El Salvador. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The new £5 pound meal deal from McDonald's.
0:02.0	Get a cheeseburger or mayo chicken, medium fries,
0:05.0	four McNuggets and a medium soft drink for guess what?
0:08.0	That's right, five pounds.
0:10.0	It's not called the £5 meal deal for nothing.
0:13.0	From 11am. Not available on delivery.
0:16.0	Carbulated soft drink upgrade fees apply.
0:18.0	Participating restaurants, subjects availability.
0:20.0	Yet more trade cash. Carbonated soft drink upgrade fees apply. Participating restaurants, subjects availability.
0:32.5	Yet more trade countermeasures as China upsets tariffs on US goods to 125%. We'll look at how investors can prepare for the road ahead after a volatile weekend markets.
0:36.6	Boardrooms are dumbstruck by what's just happened, and they yearn for clarity.
0:41.2	This reprieve doesn't really give that much clarity.
0:44.2	So I think business, investment spending and hiring is going to be on ice.
0:48.6	Plus, the rest of the day's news, as the U.S. and Iran prepare for nuclear talks
0:53.3	and the Supreme Court orders the return of a man
0:56.1	mistakenly deported to El Salvador. It's Friday, April 11th. I'm Luke Vargas for the Wall Street
1:02.0	Journal, and here is the AM edition of Watts News, the top headlines and business stories,
1:07.8	moving your world today.
1:17.7	Global markets are on pace to end the week on a rocky note as trade tensions continue to weigh on the economic outlook.
1:20.1	This morning, China announced it would raise its retaliatory tariff on U.S. goods
1:25.1	to 125% effective tomorrow, matching the latest duty imposed by the White
1:31.3	House. Beijing signaled it's now done matching each U.S. tariff increase, saying American imports
	...

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