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China Raises Tariffs on US Goods to 125% in Retaliation
Mint Hyderabad
|April 12, 2025
China retaliated against Donald Trump's latest tariffs by hiking duties on all US goods, while calling the administration's actions a "joke" and saying it no longer considers them worth matching.
Beijing will raise tariffs on all US goods from 84% to 125% starting 12 April, the ministry of finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year.
"Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures," according to the statement.
Dit verhaal komt uit de April 12, 2025-editie van Mint Hyderabad.
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