China Hikes Tariffs on U.S. Goods to 125%
China has announced it will raise tariffs on U.S. goods from 84% to 125%, effective April 12th, in direct response to President Trump’s latest round of tariff hikes. The move marks a sharp escalation in the ongoing trade war, which has already disrupted shipping routes across the Pacific and sent economic tensions soaring.
China’s finance ministry stated, “Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy.” They added that there is “no longer a market for U.S. goods imported into China,” and warned that Beijing would “ignore” any further tariff increases.
Despite the tough talk, China says it's still willing to negotiate “on an equal footing.” Meanwhile, U.S. Treasury Secretary Scott Bessent criticized Beijing, calling it “the worst offenders in the international trading system.” Goldman Sachs has lowered China’s GDP forecast to 4%, citing the strain from U.S. tariffs and weaker global demand.
