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China rebukes Trump’s tariff threats on trade issues

China criticizes Trump’s tariff threats over fentanyl, warns it won’t solve U.S. issues, signals potential for escalating trade war.

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China has criticized President-elect Donald Trump’s proposed tariffs on Chinese goods, attributing the U.S. opioid crisis to that country’s policies.

Trump announced plans to impose a 10% tariff to pressure China regarding fentanyl trafficking. He had previously hinted at tariffs of over 60% during his campaign.

Chinese commerce ministry spokesperson He Yadong reiterated China’s stance against unilateral tariffs, emphasizing that such measures would not resolve U.S. issues. He called for adherence to World Trade Organization rules and collaboration to foster stable trade relations.

Analysts predict a contentious four-year trade conflict, potentially more severe than the previous trade war marked by tariffs between 7.5% and 25%. Howard Lutnick, Trump’s nominee for Commerce Secretary, indicated tariffs could rise to 200% in response to what he characterized as a Chinese attack on America through fentanyl.

Chinese media have warned that new tariffs could lead to a damaging trade war between the two countries.

They praised certain U.S. companies for their collaboration amidst rising tensions, a pattern reminiscent of the prior trade conflict.

In that context, the state-owned Global Times highlighted companies like Apple and Tesla, advocating for U.S. policymakers to facilitate a favorable business environment.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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