China vows to punish ‘bullying’ Trump’s tariffs

Timothy Moore and Negar Salek

Updated Apr 3, 2025 – 2.40pm, first published at 4.50am

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Pinned post – 2.07PM – Apr 3, 2025

List: Trump unveils “minimum baseline tariff” of 10 per cent on all countries and heavier duties on about 60 countries.
Some tariff exemptions have emerged, including key products Australian producers sell. They may still come.
Anthony Albanese says a 29 per cent tariff on Norfolk Island, an external territory of Australia, is a surprise.
US Treasury Secretary Scott Bessent swiftly urged nations not to retaliate.
China’s government was prepared and had created a buffer. “There will be retaliation on US energy and agriculture, but this tariff announcement is within the acceptable range,” ANZ’s China strategist, Zhaopeng Xing, said from Beijing.