Welcome to another wrenching week as Washington and Beijing square off over rare earths and foreign students and the US doubles tariffs on steel and aluminium.
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Another whipsaw week of trade tensions and tariff chaos will again test the world’s nervous system.
Announcing a doubling of US steel and aluminium tariffs to 50 per cent from Wednesday is shock enough to further destabilise already tenuous trade negotiations with the European Union and other countries.
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Original URL: https://www.afr.com/policy/foreign-affairs/trump-ups-the-ante-on-china-and-everyone-else-20250601-p5m3xp
