On April 11, 2025, China announced a significant escalation in its trade dispute with the United States by imposing a 125% tariff on U.S. imports. This move mirrors the U.S. decision to increase tariffs on Chinese goods to 145%, marking a deepening of the ongoing trade war. The Chinese government stated that it would not respond to any future U.S. tariff hikes, signaling a shift in strategy towards non-tariff countermeasures.
Business Insider
WSJ
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The Australian
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Business Insider
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The new tariffs cover a wide range of American products, including agricultural goods, automobiles, and industrial machinery. China’s Finance Ministry condemned the U.S. actions as “trade bullying” and warned that such measures would harm global economic stability.
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CBS News
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This escalation has had immediate effects on global markets, with U.S. stock indices experiencing volatility and Asian markets showing sharp declines. Economists are concerned about the long-term implications, including potential disruptions to global supply chains and increased costs for consumers worldwide.
