China Hikes Tariffs On U.s. Goods To 125% In Latest Escalation Of Trade War

China will raise tariffs connected U.S. equipment to 125% starting Saturday, up from nan antecedently announced 84%, nan country’s finance ministry said connected Friday. The move comes successful nonstop consequence to President Donald Trump’s latest tariff hike connected Chinese imports, which pushed effective duties to 145%.

Despite announcing a 90-day tariff region connected dozens of countries to calm rattled financial markets, Trump simultaneously escalated waste and acquisition tensions pinch Beijing, prompting contiguous retaliation. China has responded to each of Trump's tariff hikes pinch its own, triggering concerns of a deepening tit-for-tat conflict betwixt nan world’s 2 largest economies.

The White House has clarified that Trump’s announcement of a 90-day tariff “pause” does not use to China, which will spot U.S. tariffs connected its equipment emergence to 125%.

Markets stay connected separator arsenic nan latest escalation adds to fears of a prolonged and damaging waste and acquisition war. With some sides now imposing immoderate of nan steepest tariffs successful caller history, analysts pass that nan business whitethorn worsen further if negotiations stall aliases early tariff increases are announced.

Published on: Apr 11, 2025, 1:49 PM IST