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China Fight Gets Bigger as US Raises Tariff to 125%
The New Indian Express Kochi
|April 10, 2025
Trump slams Beijing's 'lack of respect' after it retaliated with 84% duty
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US President Donald Trump on Wednesday raised tariffs on China to 125%, hours after China boosted taxes on American imports to 84% and vowed to "fight to the end" in an escalating battle that threatens to disrupt trade between the world's two largest economies.
The new rate levied by Beijing, which has taken effect, comes in response to Trump's earlier move to raise the tariff on Chinese products to 104% as part of increases that hit US trading partners worldwide. Europe and Canada also hit back Wednesday with new tariffs on imports from America.
This story is from the April 10, 2025 edition of The New Indian Express Kochi.
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