Trump vows tariffs for all, signals China exemptions will be short-lived

US President Donald Trump said Sunday no country would "get off the hook" on tariffs, as his administration signaled exemptions—seen as favoring China—may not last. The two economic giants remain locked in high-stakes brinkmanship since Trump launched global tariffs, heavily targeting Chinese imports. US President Donald Trump warned Sunday that no country would be "getting off the hook" on tariffs, as his administration suggested exemptions seen as favoring China would be short-lived.

The world's two largest economies have been locked in a fast-moving, high-stakes game of brinkmanship since Trump launched a global tariff assault that particularly targeted Chinese imports. Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent band on US imports. The US side had appeared to dial down the pressure slightly on Friday, listing tariff exemptions for smartphones, laptops, semiconductors and other electronic products for which China is a major source.



Read more China calls on the US to 'correct its mistakes' by canceling reciprocal tariffs (FRANCE 24 with AFP) Read more on FRANCE 24 English Read also: Trump exempts smartphones, computers from 'reciprocal' tariffs Investors dump US government bonds as faith in America falters.