Both the United States and China have set tariffs of 125 percent on goods from the other nation after just over a week of back-and-forth increases.
China’s Ministry of Finance announced on 11 April it is imposing tariffs on imported goods from the U.S. of 125 percent, up from the 84 percent it announced just days before. That amount is in response to U.S. President Donald Trump’s escalation of tariffs, which at first were increased to 54 percent, then bumped up again to 104 percent, before finally being increased to 125 percent as Trump announced a 90-day pause on tariffs for most other countries.
China said its increased tariffs are in direct response to Trump’s escalation over the last week.
“The U.S.'s arbitrary imposition of abnormally high tariffs on China seriously violates international economic and trade rules, disregards the post-World War II global economic order built by the U.S. itself, and violates basic economic laws and common sense,” China’s Ministry of Finance said. “It is completely a unilateral bullying and coercion. China strongly condemns this.”
The Chinese government strongly condemned Trump’s trade escalation, and said there is already no market acceptance for U.S. goods exported to China at the current tariff level and further escalation would be meaningless...
