Trump defends policy after China hits US with 125% tariffs

Washington (AFP) April 12, 2025
President Donald Trump insisted Friday that his tariff policy was "doing really well" despite China hiking levies on US goods to 125 percent in the spiraling trade war between the world's two biggest economies. Investors dumped US government bonds, the dollar tumbled and stocks seesawed after Beijing's retaliation against Trump deepened concerns on already traumatized global markets. Tru