American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

China strikes back with 125% tariffs on US imports amid deepening trade war

by admin April 11, 2025
April 11, 2025

China has sharply escalated its trade confrontation with the United States, raising tariffs on American goods to 125% from 84% in response to President Donald Trump’s reciprocal duties.

The announcement, made on Friday by the Customs Tariff Commission of the State Council, marks a new peak in the tit-for-tat trade battle that has battered global markets and dampened hopes for a negotiated resolution.

“Even if the US continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the Chinese statement read, according to a CNBC translation.

Officials in Beijing also declared that with tariffs at such levels, there is effectively no longer a market for US imports into China.

They warned that further US actions would be ignored entirely.

The Trump administration confirmed a day earlier that US tariffs on Chinese imports now amount to an effective rate of 145%, further intensifying the standoff.

“There are no winners in a trade war, and going against the world will only lead to self-isolation,” Xi told Spanish Prime Minister Pedro Sanchez in Beijing on Friday, according to state broadcaster CCTV.

China brands US measures as economic bullying

Separately, China’s Ministry of Commerce issued a strongly worded condemnation of Washington’s approach, describing US tariff actions as “typical unilateral bullying” and a serious breach of World Trade Organization (WTO) rules.

Beijing said it had lodged a fresh complaint with the WTO over the latest round of US tariff hikes.

“We urge the US to immediately correct its wrong practices and cancel all unilateral tariff measures against China,” a ministry spokesperson said, underscoring Beijing’s hardening stance.

Chinese officials have repeatedly accused the Trump administration of escalating tensions for domestic political gain.

“The successive imposition of excessively high tariffs on China by the US has become nothing more than a numbers game, with no real economic significance,” a spokesperson for China’s Commerce Ministry said in a statement Friday.

Hopes for resolution fade as both China, US dig in their heels

The prospect of a breakthrough in US-China trade talks has all but evaporated, as both sides dig in for what increasingly looks like a prolonged economic conflict.

“It’s unfortunate that the Chinese actually don’t want to come and negotiate, because they are the worst offenders in the international trading system,” US Treasury Secretary Scott Bessent said in an interview with Fox Business.

He criticised Beijing’s stance and argued that China’s economic structure remains dangerously imbalanced.

Beijing, meanwhile, has made clear it will not back down. According to Reuters, China’s commerce minister reaffirmed the country’s determination to defend its interests with “resolute countermeasures.”

European markets give up morning gains

The latest escalation rattled European markets, wiping out early gains.

The FTSE 100 slipped 0.048%, the Stoxx 600 fell 0.51%, Germany’s DAX dropped 0.61%, and France’s CAC 40 lost 0.45% in morning trading.

Investment bank Goldman Sachs on Thursday cut its forecast for China’s 2025 GDP growth to 4%, citing the drag from trade tensions and softer global demand.

Although exports to the US account for just around 3% of China’s GDP, Goldman analysts estimate that between 10 million and 20 million Chinese jobs are linked to these shipments, highlighting the broader economic risks.

As the rhetoric sharpens and retaliatory measures mount, the world’s two largest economies appear locked in an increasingly bitter standoff with no clear off-ramp in sight.

The post China strikes back with 125% tariffs on US imports amid deepening trade war appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Top gainers & losers today: Nifty, Sensex jump 2%, metals in the spotlight
next post
US stocks rebound as White House signals trade optimism with China

Related Posts

This small Missouri city could cash in on...

April 9, 2024

EasyJet share price analysis: buy, sell, or hold?

October 15, 2024

Apple stock under pressure: Will AI glasses make...

May 23, 2025

Virtu Financial stock price target: to hit $52...

January 21, 2025

Will the ‘Magnificent Seven’ continue to lead markets...

December 14, 2024

Top S&P 500 Index stocks to watch: Walmart,...

May 11, 2025

Affluent Americans are driving U.S. economy and likely...

May 2, 2024

Tata Motors, Titan buck the general trend as...

January 3, 2025

Tiger Woods unveils new lifestyle brand and clothing...

February 15, 2024

What’s going on with the TotalEnergies stock price?

October 7, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025
    • Inflation outlook in 2025: what April’s soft data isn’t telling you

      May 18, 2025
    • Rich List 2025: UK billionaires decline for first time in years amid market turmoil

      May 18, 2025
    • Novo Nordisk CEO to step down as obesity drug competition intensifies

      May 18, 2025
    • Argentina’s black market for dollar falters as President Milei dismantles currency controls

      May 18, 2025

    Categories

    • Business (2,925)
    • Investing (2,414)
    • Latest News (1,990)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved