‘Such harsh measures will increase the burden of inflation on consumers, further strain global trade relations, and disrupt supply chains’


Washington: US President Donald Trump has escalated the ongoing trade war with China by issuing an executive order imposing a 245% tariff on Chinese products.
According to the White House, the decision was made in response to China’s retaliatory economic measures. In the executive order issued on April 15, Trump stated that it was necessary to respond to China’s "unfair trade practices."
The statement read, "China’s retaliatory actions have compelled us to take this step." The Trump administration claims the move is essential for both economic and national security reasons.
Economic experts have warned that such harsh measures will increase the burden of inflation on consumers, further strain global trade relations, and disrupt supply chains.
So far, Beijing has not issued any official response. Experts believe China may either appeal to the World Trade Organization (WTO) or take further retaliatory actions.
The order takes immediate effect and will apply to a wide range of Chinese products. Specific sector details will soon be released by the U.S. Trade Office.
Musk proposes new political party, targets lawmakers over Trump-backed spending bill
- 9 hours ago

The Xbox 360 dashboard just got updated… to advertise newer Xboxes
- 31 minutes ago
US officially ends sanctions program on Syria
- 11 hours ago

Sindh govt declares July 5-6 public holidays for Youm-e-Ashura
- 10 hours ago
Govt upholds decision to import 500,000 tons of sugar
- 8 hours ago

Polio campaign extended to age 15 amid new cases in older children
- 11 hours ago

Faisalabad police arrest driver and accomplice for harassing university student
- 6 hours ago

Federal Govt decides to shut down utility stores from July 10
- 8 hours ago

Trump says will ‘take a look’ at deporting Musk
- 9 hours ago
Pakistan's Sadia Iqbal retains top spot in ICC Women's T20 bowler rankings
- 9 hours ago
Former Russian Deputy Defense Minister sentenced to prison for corruption
- 6 hours ago

Japan records hottest June in its history this year
- 8 hours ago