Elon Musk’s DOGE fans, Target’s DEI lawsuit, and Trump’s new trade war: Business news roundup



Beijing on Tuesday said it would slap U.S. imports with new tariffs in response to President Donald Trump’s own tariffs on Chinese imports.
Photo: Ji Haixin/VCG (Getty Images)

China on Tuesday fired back at the U.S. over President Donald Trump’s new tariffs, pledging to impose its own taxes on imports beginning next week.

“The U.S.’s unilateral imposition of tariffs seriously violates the rules of the World Trade Organization (WTO),” China’s Ministry of Commerce said in a statement. “It is not only unhelpful in solving its own problems, but also undermines the normal economic and trade cooperation between China and the U.S.”

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