China’s most recent retaliation raises the stakes, but it does so within what are now relatively predictable parameters.
The latest tariff hike follows the pattern we have seen throughout the week, when Chinese retaliation has exactly matched what Donald Trump has done.
There is, however, one key difference to the announcement this time.
China has said that anything further is just a “numbers game” and they will simply ignore any subsequent raises from Trump.
There’s a sense they are calling time on what has felt like a relentless tit-for-tat escalation.
They are right, of course.
Once tariffs exceed 50% or so, trade is basically impossible anyway and the numbers don’t make any substantive difference.
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But there are big questions about whether this move successfully enforces a stalemate of sorts.
Trump could either just leave things as they are (perhaps with a nominal raise in the tariff numbers so he can be seen to have the last word), or he could opt to raise the stakes by invoking some other form of non-tariff measure on China.
Regardless of whether any such measure was economic or political, China would almost certainly want to be seen to respond – and escalation over non-trade issues has the potential to be far more dangerous geopolitically.
Even in the event of a stalemate, whether either side is in the mood to come to the negotiating table is another matter altogether.
A truce makes it marginally more likely, but trust between the two is arguably at an all-time low and this moment still feels perilous.
Elon Musk has criticised US President Donald Trump’s tax and spending bill, calling it “outrageous” and a “disgusting abomination”.
The bill, which includes multi-trillion-dollar tax breaks, was passed by the House Republicans in May, and has been described by the president as a “big, beautiful bill”.
The tech billionaire hit out at the tax cuts on his platform X, writing: “I’m sorry, but I just can’t stand it anymore.
“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
“Shame on those who voted for it: you know you did wrong. You know it.”
Image: Elon Musk left his ‘special government employee’ role last week. Pic: AP.
In American politics, “pork” is a political metaphor used when government spending is allocated to local projects, usually to benefit politicians’ constituencies.
The White House brushed Musk’s comments aside, claiming they did not surprise the president.
In a press conference on Tuesday, press secretary Karoline Leavitt said that “the president already knows where Elon Musk stood on this bill”.
She added: “This is one, big, beautiful bill.
“And he’s sticking to it.”
The White House on Tuesday asked Congress to cut back $9.4bn in already approved spending, taking money away from DOGE.
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13:36
What did Musk achieve at DOGE?
The billionaire tweeted: “It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!!) and burden American citizens with crushingly unsustainable debt.”
He also suggested voting out politicians who advanced the president’s tax bill.
“In November next year, we fire all politicians who betrayed the American people,” Musk wrote in another X post.
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Questions have also been raised about whether the department has actually saved taxpayers as much money as suggested.
Musk initially had ambitions to slash government spending by $2trn (£1.5trn) – but this was dramatically reduced to $1trn (£750bn) and then to just $150bn (£111bn).
Image: Elon Musk brought his son X Æ A-12 to the Oval Office during a press conference earlier this year. Pic: Reuters.
He recently told The Washington Post: “The federal bureaucracy situation is much worse than I realised. I thought there were problems, but it sure is an uphill battle trying to improve things in DC to say the least.”
By law, status as a “special government employee” means he could only serve for a maximum of 130 days, which would have ended around 30 May.
Elon Musk has criticised US President Donald Trump’s tax and spending bill, calling it “outrageous” and a “disgusting abomination”.
The bill, which includes multi-trillion-dollar tax breaks, was passed by the House Republicans in May, and has been described by the president as a “big, beautiful bill”.
The tech billionaire hit out at the tax cuts on his platform X, writing: “I’m sorry, but I just can’t stand it anymore.
“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
“Shame on those who voted for it: you know you did wrong. You know it.”
Image: Elon Musk left his ‘special government employee’ role last week. Pic: AP.
In American politics, “pork” is a political metaphor used when government spending is allocated to local projects, usually to benefit politicians’ constituencies.
The White House brushed Musk’s comments aside, claiming they did not surprise the president.
In a press conference on Tuesday, press secretary Karoline Leavitt said that “the president already knows where Elon Musk stood on this bill”.
She added: “This is one, big, beautiful bill.
“And he’s sticking to it.”
The White House on Tuesday asked Congress to cut back $9.4bn in already approved spending, taking money away from DOGE.
Please use Chrome browser for a more accessible video player
13:36
What did Musk achieve at DOGE?
The billionaire tweeted: “It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!!) and burden American citizens with crushingly unsustainable debt.”
He also suggested voting out politicians who advanced the president’s tax bill.
“In November next year, we fire all politicians who betrayed the American people,” Musk wrote in another X post.
Spreaker
This content is provided by Spreaker, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
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You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to Spreaker cookies.
To view this content you can use the button below to allow Spreaker cookies for this session only.
Questions have also been raised about whether the department has actually saved taxpayers as much money as suggested.
Musk initially had ambitions to slash government spending by $2trn (£1.5trn) – but this was dramatically reduced to $1trn (£750bn) and then to just $150bn (£111bn).
Image: Elon Musk brought his son X Æ A-12 to the Oval Office during a press conference earlier this year. Pic: Reuters.
He recently told The Washington Post: “The federal bureaucracy situation is much worse than I realised. I thought there were problems, but it sure is an uphill battle trying to improve things in DC to say the least.”
By law, status as a “special government employee” means he could only serve for a maximum of 130 days, which would have ended around 30 May.
A manhunt is under way for an ex-soldier suspected of kidnapping and murdering his three daughters in Washington state.
Officers said Travis Decker, 32, has “extensive” military training and could pose a “significant risk” but they aren’t sure if he’s armed.
Police, the FBI and US marshals are all involved, with drones and aircraft deployed to scour remote forested areas.
The alarm was raised on Friday when the girl’s mother reported her daughters – aged nine, eight and five – missing after Decker didn’t return following a planned visit of three hours.
Wenatchee police began the search over the weekend, looking for the white pick-up Decker is believed to live out of.
The truck was found on Monday near a campground west of Leavenworth, about 70 miles east of Seattle, with the girls’ bodies found in “relatively close proximity”, according to police.
Evelyn, Paityn and Olivia Decker attended Lincoln Elementary in Wenatchee school district.
Image: Decker is said to have ‘extensive’ military training. Pic: Wenatchee Police Department
Their mother told police the girls didn’t return as planned at 8pm on Friday and that Travis Decker’s phone went straight to voicemail.
A detective for the Wenatchee force said she “expressed concern because Decker reportedly has never done this before and… is currently experiencing some mental health issues”.
Officials said Decker joined the US Army in 2013 and moved to the Washington National Guard in 2021, becoming part time in the last few years, but stopped attending drills about a year ago.
The public have been warned to not approach Decker and to call 911 immediately.
Questions are being asked about whether time was wasted in escalating the search after police requested an amber alert from state patrol on Friday night but it didn’t meet the criteria.
It wasn’t until Wenatchee detectives provided extra information on Saturday that an endangered missing person alert was issued.
Washington State Patrol public affairs director Chris Loftis said a parent not returning their child on time was a “rather common occurrence and not something where you just automatically assume abduction”.
“We’re people too, you know, so the loss of a child, the loss of two children, the loss of three children is… devastating,” he said.