Trump’s Tariff Measures Spark Strong China, JPMorgan, South Korea Reactions

April 20, 2025, 11:20 pm

The tariffs imposed by President Trump have ignited a storm of cross-border criticism and unexpected economic forecasts. China’s Ministry of Commerce lambasts the US for “abusing tariffs” and bullying its way through trade, while JPMorgan issues a dire warning that these measures could send tax rates soaring—even if they fend off recessionary threats. Adding further irony, South Korean firms are uncovering loopholes in “Made in Korea” labels to dodge the new costs, highlighting a tangled web of unintended consequences from a policy meant to rein in global trade.

zerohedge.com / Minerals In Hand, Africa's Trade Envoys Head For The US

Minerals In Hand, Africa's Trade Envoys Head For The US Authored by Darren Taylor via The Epoch Times, Mcebisi Jonas doesn’t usually suffer from nerves. If he did, he wouldn’t have survived a brutal guerrilla campaign against South Africa’s apartheid foot-soldiers in the 1970s...

bloomberg.com/technology / Ishiba Says Japan Won’t Just Keep Conceding in US Tariff Talks - Bloomberg.com

Ishiba Says Japan Won’t Just Keep Conceding in US Tariff Talks Bloomberg.com

www.ft.com/ / Beijing warns countries not to act against China in trade deals with US - Financial Times

Beijing warns countries not to act against China in trade deals with US Financial Times

techinasia.com / South Korea cracks down on false exports to avoid US tariffs

In Q1 2025, the Korea Customs Service identified 29.5 billion won (US$20.8 million) in origin violations.

techinasia.com / Trump’s tariffs: Vance visits India as US finalizes trade deal

Two-way trade between India and the US reached US$129 billion in 2024, with India enjoying a US$45.7 billion surplus.

www.ft.com/ / US tariffs on pharmaceuticals risk shortages of lower-cost generic drugs - Financial Times

US tariffs on pharmaceuticals risk shortages of lower-cost generic drugs Financial Times

techinasia.com / Trump’s tariffs: China warns nations against backing US

The Chinese Ministry of Commerce criticized the US for “abusing tariffs” and “unilateral bullying.”

techinasia.com / Trump’s tariffs: JPMorgan sees tax rate jump to 20%

JPMorgan warns that while the tariffs may prevent a recession, they could hurt economic growth.

reuters.com/business / South Korea finds 'Made in Korea' breaches intended to avoid US tariffs - Reuters

South Korea finds 'Made in Korea' breaches intended to avoid US tariffs Reuters

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Trump’s Tariff Measures Spark Strong China, JPMorgan, South Korea Reactions

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