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China Raises US Tariffs, UK Economy Growth Surges | The Opening Trade 04/11

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April 11, 2025

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China retaliated against President Donald Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching. Beijing will raise tariffs on all US goods from 84% to 125% starting April 12, the Ministry of Finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year. Britain’s economy posted the strongest growth in almost a year in February as factories ramped up production ahead of Trump’s wave of tariffs. While the figures are a major boost for the Labour government and puts the economy on course for a positive first quarter, the respite could be fleeting as the White House started to upend the global economic order with a slew of tariff announcements in March and April.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Kriti Gupta.

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