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- China raises tariffs against U.S. to 125%, but will ignore further tariff raises
China raises tariffs against U.S. to 125%, but will ignore further tariff raises

Top stories today:
- China raises tariffs on U.S. to 125%, but will ignore further tariff raises
- ChatGPT can now reference your past chats for personalized responses
- TikTok fuels ByteDance’s record $39B in international revenue in 2024
- CPI, Core CPI slow down more than expected ahead of tariffs impact
- Elon cuts DOGE savings estimate to $150B for FY2026, down from $1T
- U.S. service exports overlooked by Trump’s tariff move
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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. China raises tariffs against U.S. to 125%, but will ignore further tariff raises

Effective from Apr. 12 and applicable to all U.S. goods.
Up from the 84% tariffs announced earlier.
China’s Xi Jinping will host EU leaders in July: report.
Trump admits “transition problems” with China tariffs at 145%.
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3. ChatGPT can now reference your past chats for personalized responses
Rolling out first to ChatGPT Pro and Plus subscribers, except for those in the U.K., EU, Iceland, Liechtenstein, Norway, and Switzerland.
Will add conversational context to text, voice, and image-generation features.
An opt-out is available through ChatGPT’s settings.
4. TikTok said to fuel ByteDance’s record $39B in international revenue in 2024
