Trump warns no country 'off the hook' on tariffs - Latest News
WASHINGTONContainers are seen at the port in Shanghai on April 13, 2025. U.S. President DonaldTrumpwarned 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 sinceTrumplaunched a global tariff assault that particularly targeted Chinese imports.Tit-for-tat exchanges have seen U.S. levies imposed on China rise to 145 percent, and Beijing setting a retaliatory 125 percent band on U.S. imports.The U.S. 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.Trumpand some of his top aides said Sunday that the exemptions had been misconstrued and would only be temporary as his team pursued fresh tariffs against many items on the list."NOBODY is getting 'o...