A look at China’s targeted response to Trump’s tariffs. Lingling Wei with the Wall Street Journal has the details. The IRS and the DHS have finalized an agreement to share taxpayer data with federal immigration authorities as part of Trump’s deportation crackdown. Shannon Najmabadi with the Washington Post breaks down what the policy change could mean for immigrants without legal status. International students are seeing their visas revoked without warning or reason. Axios reports. Plus, the U.S. government will screen immigrants’ social-media accounts for content it considers antisemitic, funding was cut for climate research at Princeton University, and the Masters is marking a historic anniversary. Today’s episode was hosted by Shumita Basu.
Full Episode
Good morning. It's Thursday, April 10th. I'm Shamita Basu. This is Apple News Today. On today's show, a change to a longstanding IRS rule, why the State Department is revoking visas for hundreds of international students in the U.S., and the Masters marks a historic anniversary.
But first, President Trump abruptly reversed course on widespread global tariffs yesterday in the face of forecasts of a potential recession, pushback from the business community, and growing discontent among some Republican members of Congress. Here's how the president put it.
People were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid.
Now Trump says he's instituting a 90-day pause for most countries while retaining a baseline tariff of 10 percent. The exception? China. Instead of pulling back, Trump doubled down, now saying China will face a 125 percent tariff, a jump up from where he was just two days ago when he promised tariffs of 104 percent. This comes after China, the world's second largest economy, didn't bend to Trump.
Instead of calling up the White House and offering concessions, China retaliated, increasing tariffs on all U.S. imports to 84 percent.
Chinese leader Xi Jinping has been preparing for this moment for many years.
Lingling Wei is the chief China correspondent for The Wall Street Journal.
So ever since Trump left office, Xi Jinping has tried to build up this arsenal of retaliatory tools. And not only that, he has doubled down on central control over China's economy. China has invested so much more in high tech, in industrial capabilities and all that. Basically, the goal is to fortify the economy against potential sanctions from the United States.
Part of that fortification, according to Wei, also has to do with Chinese export controls. In the same way that the U.S. has restricted China's access to high-tech, like semiconductors, China is employing a similar tactic for U.S. access for certain products.
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