China has declared a new tariff of 125% on imports from the United States, a significant increase from the 84% rate implemented on Wednesday, April 9. This adjustment aligns China’s tariff level with the existing US tariff on Chinese products.
This recent action comes in the wake of US President Donald Trump’s announcement of a 90-day suspension of increased tariffs for numerous countries. Nevertheless, the US has proceeded with raising tariffs on Chinese goods to 125%.
Earlier this month, President Trump established a “baseline” tariff of 10% applicable to all countries, while reserving higher tariffs for those he labeled as the “worst offenders.”
He noted that while the elevated tariffs would be on hold for 90 days, a “reciprocal tariff” of 10% would be enforced during this period.
Despite the temporary reprieve for other nations, Trump underscored that the tariff on China would still escalate to 125%, attributing this decision to what he described as “the lack of respect that China has shown to the world’s markets.”
