Breaking news

China Amplifies Tariffs On U.S. Goods To 125% In Strategic Response

by News Editor

April 11, 2025

In a significant geopolitical move, China has announced a dramatic increase in tariffs on imported goods from the United States, pushing rates to 125%. This development is seen as a strategic countermeasure to the U.S.’s imposed 145% tariffs on Chinese exports, further entrenching the ongoing trade battle between these two global powerhouses.

Key Insights

The jump in tariffs represents a 40% escalation from China’s previous rates and underscores the intensifying trade tensions between the nations.
China’s Ministry of Commerce has declared this decision as definitive, hinting that there would be no further retaliations even if the U.S. escalates its tariff policies again.
The Chinese government claims U.S. tariffs are exorbitantly high, violating international norms and economic principles.
This announcement coincided with Chinese President Xi Jinping’s remarks during a meeting with Spanish Prime Minister Pedro Sanche in Beijing, where he emphasized that no one emerges victorious in a tariff war.
President Xi has also urged the European Union to support China against what he describes as U.S. ‘bullying’.

Market Reaction

The announcement negatively affected European stock markets, with key indices dipping. The UK’s FTSE 100 fell by 0.47%, France’s CAC 40 decreased by 0.92%, and Germany’s Dax tumbled by 1.53%. These declines suggest investor pessimism, expecting diminished corporate profits across the board.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The Future Forbes Realty Global Properties

Cyprus Government Moves to Cut Electricity Prices

by THEFUTURE.TEAM

May 13, 2025

According to the government spokesman Konstantinos Letymbiotis, the Electricity Authority of Cyprus (EAC) and the energy regulator are set to meet this week to discuss a formula to lower the price of electricity.

This development comes from President Nikos Christodoulides’ remarks over the weekend, where he urged the EAC not to increase electricity rates. Christodoulides confirmed that he had a meeting with the EAC, asking them not to impose any increases at this juncture.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The government spokesman emphasized that the current administration is committed to bringing down the price of electricity in any way possible. Letymbiotis noted that the state-run power utility and the regulator would make their own assessments based on the wider direction of the government regarding reductions in the coming time period.

It is worth noting that Cypriots pay the second-highest rates for electricity in Europe when adjusted for spending power, according to Eurostat data released last week. Only consumers in the Czech Republic paid more for their household energy bills than those in Cyprus.