SPY News: US-Sino Trade War Escalates: ETF Areas Under Pressure - 12th Apr 2025, 3:00am

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The U.S.-China trade tensions escalated on April 11 as China announced on Friday that it will raise tariffs on imports of U.S. goods to 125%, up from the previously planned 84%. This decision is a direct response to President Trump's aggressive tariff strategy and marks a significant escalation in the ongoing US-China trade war.

The White House declared on Thursday that the actual U.S. tariff rate on Chinese goodsnow stands at145%, not the 125% previously cited by President Trump. The new Chine...

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