"us-tariffs"

China's trade surplus with the United States was $27.6 billion in March as its exports rose 4.5 per cent

Trump announced the revised levies in a post on Truth Social on Wednesday midday as the markets were in tumult for another day over the tariffs, this time with the sell-off treasury bonds

Trump's higher import tax rates on dozens of countries and territories took hold at midnight

"The Government of the Republic of Namibia has taken note of the US government's recent reciprocal tariff imposed on African countries, which includes 21 per cent tariffs on Namibia," the Ministry of International Relations and Trade said in a statement.

Trump discussed the US' relationship with India. Asked about his summit with Prime Minister Narendra Modi last month, Trump said he has a “very good relationship” with India

Move likely to trigger a broader economic confrontation with allies and rivals alike as the US President hopes to eliminate any trade imbalances