BUSINESS/FINANCE
China Strikes Back with 125% Tariffs After Trump’s 145% Hike
The trade war between the U.S. and China has reached a boiling point as Beijing retaliated on Friday by imposing a 125% tariff on American imports. This comes just a day after U.S. President Donald Trump escalated duties on Chinese goods to a staggering 145%, intensifying tensions between the two economic giants.
China’s Ministry of Finance denounced the U.S. decision as “unilateral bullying” and a “violation of international economic trade rules and common sense.”
Posting on Truth Social, Trump accused China of unfair trade practices and claimed, “The days of China ripping off the U.S.A. are over.”
The escalation is expected to severely impact global supply chains, raise costs for consumers, and create uncertainty for multinational businesses that rely on U.S.-China trade flows.
Meanwhile, Trump announced a 90-day pause on certain tariffs for countries that have shown openness to negotiations and refrained from retaliation. He described the move as “a reward” for nations cooperating with the U.S. on trade reform.