*Walter Bloomberg|Apr 15, 2025 14:40
HOW IS CHINA RETALIATING AGAINST TRUMP'S TARIFFS?
Beijing is targeting Boeing and more in response to Trump-era tariffs:
🔸 125% tariffs on U.S. goods after escalating trade tensions
🔸 Business restrictions: U.S. firms like Illumina and PVH added to export-control and "unreliable entity" lists
🔸 Antitrust probe into Google
🔸 Boeing slowdown: New jet orders halted; deliveries need approval
🔸 Rare-earth export limits affecting U.S. defense tech
🔸 Hollywood access cut with fewer U.S. films allowed
🔸 Service trade pressure: Travel and study warnings; U.S. visa revocations
🔸 WTO challenge to U.S. tariffs
🔸 Firm stance: China says it won’t mirror future U.S. tariff hikes, calling them “economically meaningless”
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