China will raise tariffs on all US goods from 84% to 125% starting April 12, and said it plans to ignore any further increases announced by Washington from here because the Trump administration’s moves have become a “joke.”

The announcement by the Ministry of Finance on Friday came after the White House clarified that levies on Chinese goods rose to 145% this year. China said it no longer makes economic sense if the US imposes more tariffs.

“Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures,” according to the statement.

In a separate statement, the Commerce Ministry said Washington’s repeated use of excessively high tariffs has become little more than a numbers game — economically meaningless and revealing its use of tariffs as a tool for bullying and coercion. “It’s become a joke,” the ministry said.

However, China warned that it will “resolutely counterattack and fight to the end” if the US continues to infringe on its rights and interests. It also said America should take full responsibility for the damage caused by the tariffs.

China Raises Tariffs on US Goods to 125% in Retaliation - Bloomberg

Billed on Wall Street as so rock-solid safe they’re risk-free, US Treasury bonds have long served as first port of call for investors during times of panic. They rallied during the global financial crisis, on 9/11 and even when America’s own credit rating was cut.

But now, as President Donald Trump unleashes an all-out assault on global trade, their status as the world’s safe haven is increasingly coming into question.

Yields, especially on longer-term debt, have surged in recent days while the dollar has plunged. Even more disconcerting is the pattern of the recent market moves. Investors have often dumped 10- and 30-year Treasuries — pushing prices down and yields up — at the very same time they frantically sold stocks, crypto and other risky assets. The inverse is also true, with Treasuries rallying in unison with them.

Treasuries Are Trading Like Risky Assets in Warning to Trump

The U.S. dollar slumped further Friday, falling to an almost two-year low, on weakening confidence in the American economy as the trade war between the two largest economies in the world escalated, with China once more raising the tariffs on U.S. goods.

At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, dropped 1.2% to 99.430, falling below the 100 level for the first time since July 2023. 

Dollar Slumps On Escalating Sino-U.S. Trade War

This week's selloff in US debt has been historic, with 30yr yields poised for a +48bps weekly increase, which would be their largest since the 1980s: Jim Reid at Deutsche Bank

Lisa Abramowicz on X

Apparently Trump had a cabinet meeting where he got his ass kissed by his sycophants in order to make up for all the countries who couldn't be bothered to call him.

Just when you think that Trump and his team have reached a level so low that it can now only descend by notches anymore, they find a new way to embarrass America bigly in front of the world's eyes.

People are free to live their lives however they want as long as it doesn't hurt others. But you cannot change your gender anymore than you can change your species. No, we don't need studies showing that transgender women have an unfair advantage over cis gendered women, because we already know that men have an unfair advantage over women, and transgender women are just men. We already know that your average 17-year-old boy is 4 or 5 inches taller than your average 17-year-old girl. There are differences in muscle, skeleton, and center of gravity, too. Taking hormone blockers does not magically get rid of these advantages. If you think it does, then YOU need to present those studies. And those studies need to be done by someone who is unbiased. Not a transgender crusader disguised as a researcher and not a religious nutjob disguised as a researcher.

Again, people are free to live their lives however they want as long as it doesn't hurt others. But having someone like Laurel Hubbard roll on in and take an Olympic spot as the oldest weightlifter to ever qualify just shows how unfair it is for regular women. Hubbard was able to compete at her age because she is a man. She didn't get 1st place, but she still stole a spot in the Olympics from a cis gendered woman.

It's really annoying to talk about this topic because on one hand you have dumb mouthbreather religous types on your side, making ridiculous claims and being dumb. On the other hand, the moment you state something factual like "you cannot change your gender anymore than you can change your species" people jump out of the woodwork to call you a bigot.

Yes, I understand that intersex people exist. Some people have their hormones or DNA mess up in the womb and they become stuck between two sexes. I absolutely agree that they should be treated with respect and should be able to choose their gender. But that does not mean that Joe Schmoe who was born as a healthy male baby, should be given gender-affirming care and treated as a woman to the point of being allowed to cheat in sports? Joe can decide to transition to a woman and live his life as a woman. That's fine. I'll even call him a her whenever he begins to state that her is the preferred pronoun. I've got no problem with that. But to let Joe compete in women's sports is just as stupid as allowing a roided out, walking test tube compete in an event meant for natural weightlifters.

P.S. Most sports are a walking disaster of unfairness anyway. Drug testing is pathetic and a ton of people at the Olympic level are cheaters anyway. If they were going to be strict enough to ban transgender people then they need to be strict enough to do regular drug testing of athletes and anyone caught cheating gets stripped of their medals and gets a lifetime ban. But sports in general have no integrity so they will complain about transgender athletes but drag their feet when it comes to banning drug users.

P.P.S. This should not be a national issue and nobody should be basing their vote on this. Trans-Rights issues are not critical to this country. Anyone fighting for or against them is allowing the rich to lead them off-course with a gigantic red-herring. We should be focused on making housing cheaper, getting rid of corruption, and making healthcare cheap. If I were a representative, I would simply state that only 0.5% of my constituents are transgender and I refuse to waste precious time debating the issue or voting on it.

Edit: I'm fine with calling transgender women, women in the same way that I'm fine with calling someone who adopts a kid their father. But to act as if being a transgendered woman isn't cheating is as ridiculous as a doctor saying "Well since you are her father you should be a good match for an organ donation. No blood testing or compatibility testing needed!" Imagine a doctor just signing off on an organ transplant because someone is the adoptive father of someone else. Then things go wrong post surgery and the doctor is like "But I don't understand! They are related! It should have gone smoothly!" You can't just ignore reality like that.

Update on how this impacts Nintendo:

HANOI, April 11 (Reuters) - In hope of avoiding punishing U.S. tariffs, Vietnam is prepared to crack down on Chinese goods being shipped to the United States via its territory and will tighten controls on sensitive exports to China, according to a person familiar with the matter and a government document seen by Reuters.
The offer, the details of which are reported by Reuters for the first time, came as senior U.S. officials, including the influential White House trade advisor Peter Navarro, raised concerns about Chinese goods being sent to America with "Made in Vietnam" labels that draw lower duties.

Vietnam has for weeks been offering sweeteners that it hoped would persuade the U.S. President Donald Trump's administration to take a benign view of its huge trade surplus with America. Instead, it was hit with a 46% tariff as part of Trump's "Liberation Day" salvo.
While the tariff has been suspended for 90 days, the two countries agreed to start talks after a Vietnamese deputy prime minister met with the U.S. Trade Representative on Wednesday.
Export-reliant Vietnam is hoping to get the duties reduced to a range of 22% to 28%, if not lower, according to three people with knowledge of the matter.

One of them said that U.S. officials had signalled that range was likely, during a bilateral meeting in March.
Vietnam's trade ministry and the USTR's office did not return a request for comment.
In announcing the start of trade talks with the U.S. on Thursday, Vietnam's government said on its official portal it would crack down on "trade fraud." It did not provide specifics.
Since Trump's first term, many multi-national firms have implemented a "China plus one" policy of setting up factories in Vietnam to reduce exposure to Beijing.
The Southeast Asian nation is in a tight spot as it tries to preserve trade with the U.S., which is its largest export market and a security partner. At the same time, Hanoi does not want to antagonize China, which is a top source of investment as well as a neighbour with which it has clashed over boundaries in the South China Sea.
Vietnam's exports to the United States have increased in parallel with its imports from China in recent years
Vietnam's exports to the United States have increased in parallel with its imports from China in recent years
Vietnam's Government Office, a body that coordinates between its ministries, held an emergency meeting with government trade experts on April 3, hours after Trump announced the tariffs. The aim was to address Washington's concerns over alleged intellectual property theft and transhipment abuses, according to a person briefed on the meeting.
At the meeting, trade ministry and customs officials were told to tighten controls and were given two weeks to devise a plan to clamp down on illicit transhipment. The deadline could be extended until late April, the person said, adding that Hanoi wanted to be careful not to provoke China.
Illicit transhipment refers to one country sending goods to a nation facing lower tariffs from a third country, to which the product is re-exported without having value added to it.

End of Story

So basically whats happening here... and what you can see from the chart is that China is already using Vietnam as a bypass for sending good to the US.  Vietnam is aiming to pay about 25% on tariffs.  This would bring the Switch 2 to cost about $550.00.  So to deal with this (about $110 increase) Nintendo could either eat the cost (not gonna happen) or pass it on to retailers. No updates on PreOrders because the actual tariffs amount is still up in the air.  

How do you think the Switch 2 will be impacted if the cost in the US is $550?  Do you think they will offer the Mario bundle and at $600?

O_O  wtf?  at 6:00 in the video.

27,5 miles pr galloon as a goal? (for cars) and that is only 11,7 kilometers pr litter gas.
Your trucks only need 19,5? I'm blown away.

Here in europe we want small efficient cars (gas is expensive) and we aim for like 25+ kilometers pr litters (58.8 mpg).

*edit:

The loophole omg..... medium/heavy sized trucks are do not need to hit "54,5 mpg standard".
So they make them big and heavy on purpose, to avoid regulation???

edit2: Some of your trucks are at 12 mgp? ( that's like 5,1 kilometer pr litter of fuel...)  
This isn't "tank" levels of bad but... why?  I can't even imagine how hard parking would be with one of those big guys.
I still don't get it.... I can't accept it, our life style and the roads we have here.... there's just no way it works out.
Not to mention what we pay for fuel. 

I am torn on this issue.  The man needs to be back with his family and the fact that this needed to go all the way to the supreme court is a crime in itself.  On the other hand as you state, if the Trump administration is going to at some point defy the courts than this would definitely be the time to do it or more importantly something everyone can get behind that this administration is corrupt.

The biggest issue here is that the courts did not give the Trump administration a timeline to get things done or even move forward with getting this man back to his family.  Meaning that Trump administration can pretty much take as long as they want or really just do nothing at all and just claim things are difficult.  Next we would need to get congressional committee to force the Trump administration hand but since those would require the GOP, its likely nothing will happen.

The dollar slumped to a three-year low on Friday and Treasury yields climbed steeply as US President Donald Trump’s trade policy continued to send shockwaves through global markets. An index of the dollar’s value against currencies of big US trading partners fell as much as 1.8 per cent on Friday to 99 before recovering to 99.7. The rare move below 100 took the dollar to its lowest level since April 2022.

The benchmark 10-year Treasury yield rose 0.19 percentage points to 4.58 per cent, surpassing the highs reached on Wednesday when Trump reversed most of his so-called reciprocal tariffs. It fell back to 4.54 per cent by mid-morning in New York. Bond yields move inversely to prices.

Live News: Dollar Slumps To 3-Year Low as Treasury Yields Soar

Will The Bonds Market Bring Down Donald Trump Like It Did Liz Truss? | The Independent

No but I'm liking the Liz Truss comparisons.

Horrendous numbers

• UMICH PRELIM APRIL CONSUMER SENTIMENT FALLS TO 50.8; EST 53.8
• UMICH YR-AHEAD EXPECTED INFLATION AT 6.7%, HIGHEST SINCE 1981

Joe Weisenthal on X

The survey’s mid-month reading on consumer sentiment fell to 50.8, down from 57.0 in March and below the Dow Jones consensus estimate for 54.6. The move represented a 10.9% monthly change and was 34.2% lower than a year ago.

As sentiment moved lower, inflation worries surged.

Respondents’ expectation for inflation a year from now leaped to 6.7%, the highest level since November 1981 and up from 5% in March. At the five-year horizon, the expectation climbed to 4.4%, a 0.3 percentage point increase from March and the highest since June 1991.

Consumer Sentiment Tumbles in April As Inflation Fears Spike