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Trump and Xi are locked in a stand-off. Neither wants to blink first

The US hiked tariffs on China, just hours after Beijing did the same. The move endangers both their economies and interests around the world.

Washington | The tariff fight between the world’s two largest economies spiralled into greater peril on Thursday as President Donald Trump tried to narrow his global trade war into a direct and risky face-off with Beijing.

As Trump reversed his larger “reciprocal” tariffs on most of the world in the face of recession fears, he nonetheless hiked his tariffs on China once again to 125 per cent.

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    Original URL: https://www.afr.com/world/north-america/trump-and-xi-are-locked-in-a-standoff-neither-wants-to-blink-first-20250410-p5lqmx