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Shipping containers are seen at a port in Nanjing

China vows ‘resolute and effective measures’ after Trump’s 104% tariffs take effect

By Nectar Gan, CNN Hong Kong (CNN) — China has promised to take “resolute and effective measures” to safeguard its rights and interests, hours after US President Donald Trump’s 104% tariffs on Chinese imports took effect on Wednesday. “The United States is still imposing arbitrary tariffs on China and relentlessly applying extreme pressure. China firmly

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Stiff tariffs won’t usher in the economic success President Donald Trump is seeking

Trump is trying to reinvent 1950 with his tariffs. He should be planning for 2050

By Bryan Mena, CNN Washington (CNN) — President Donald Trump is overhauling the wrong economic policies, industry experts say, and it could cost America the high-stakes artificial intelligence race against China. Trump last week announced sweeping tariffs to reinvigorate US manufacturing, an industry that’s been in decline for decades. But the tariffs — along with

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Billionaires are turning on Trump

CNN By Anna Cooban, CNN London (CNN) — Wealthy business leaders are turning on US President Donald Trump over his plan to impose a colossal set of tariffs on America’s trading partners, as losses mount on stock markets around the world. Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned Sunday that going

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