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China says 'market has spoken' after US tariffs spark selloff

  • Trump introduced a 34% tariff on Chinese goods, raising total duties on China to 54% this year.
  • In retaliation, China imposed a 34% tariff on U.S. Goods, escalating the trade conflict.
  • Global stock markets dropped significantly, with the S&P 500 down 9% for the week following Trump's announcements.
  • China's foreign ministry spokesperson Guo Jiakun stated, 'the market has spoken,' urging the U.S. For 'equal-footed consultation.
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Colorado Springs Gazette broke the news in on Saturday, April 5, 2025.
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