{"id":38719,"date":"2025-04-11T11:35:13","date_gmt":"2025-04-11T11:35:13","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/11\/china-strikes-back-with-125-tariffs-on-us-imports-amid-deepening-trade-war\/"},"modified":"2025-04-11T11:35:13","modified_gmt":"2025-04-11T11:35:13","slug":"china-strikes-back-with-125-tariffs-on-us-imports-amid-deepening-trade-war","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/11\/china-strikes-back-with-125-tariffs-on-us-imports-amid-deepening-trade-war\/","title":{"rendered":"China strikes back with 125% tariffs on US imports amid deepening trade war"},"content":{"rendered":"
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China has sharply escalated its trade confrontation with the United States, raising tariffs on American goods to 125% from 84%<\/a> in response to President Donald Trump\u2019s reciprocal duties. <\/p>\n

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.<\/p>\n

\u201cEven 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,\u201d the Chinese statement read, according to a CNBC translation. <\/p>\n

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

They warned that further US actions would be ignored entirely.<\/p>\n

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.<\/p>\n

\u201cThere are no winners in a trade war, and going against the world will only lead to self-isolation,\u201d Xi told Spanish Prime Minister Pedro Sanchez in Beijing on Friday,\u00a0according to<\/a>\u00a0state broadcaster CCTV.<\/p>\n

China brands US measures as economic bullying<\/h2>\n

Separately, China\u2019s Ministry of Commerce issued a strongly worded condemnation of Washington\u2019s approach, describing US tariff actions as “typical unilateral bullying” and a serious breach of World Trade Organization (WTO) rules. <\/p>\n

Beijing said it had lodged a fresh complaint with the WTO over the latest round of US tariff hikes.<\/p>\n

\u201cWe urge the US to immediately correct its wrong practices and cancel all unilateral tariff measures against China,” a ministry spokesperson said, underscoring Beijing\u2019s hardening stance.<\/p>\n

Chinese officials have repeatedly accused the Trump administration of escalating tensions for domestic political gain. <\/p>\n

\u201cThe successive imposition of excessively high tariffs on China by the US has become nothing more than a numbers game, with no real economic significance,\u201d a spokesperson for China\u2019s Commerce Ministry said in a\u00a0statement<\/a>\u00a0Friday.<\/p>\n

Hopes for resolution fade as both China, US dig in their heels<\/h2>\n

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. <\/p>\n

“It\u2019s unfortunate that the Chinese actually don\u2019t 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. <\/p>\n

He criticised Beijing\u2019s stance and argued that China\u2019s economic structure remains dangerously imbalanced.<\/p>\n

Beijing, meanwhile, has made clear it will not back down. According to Reuters, China\u2019s commerce minister reaffirmed the country\u2019s determination to defend its interests with \u201cresolute countermeasures.”<\/p>\n

European markets give up morning gains <\/h2>\n

The latest escalation rattled European markets, wiping out early gains<\/a>. <\/p>\n

The FTSE 100 slipped 0.048%, the Stoxx 600 fell 0.51%, Germany\u2019s DAX dropped 0.61%, and France\u2019s CAC 40 lost 0.45% in morning trading.<\/p>\n

Investment bank Goldman Sachs on Thursday cut its forecast for China\u2019s 2025 GDP growth to 4%, citing the drag from trade tensions and softer global demand. <\/p>\n

Although exports to the US account for just around 3% of China\u2019s GDP, Goldman analysts estimate that between 10 million and 20 million Chinese jobs are linked to these shipments, highlighting the broader economic risks.<\/p>\n

As the rhetoric sharpens and retaliatory measures mount, the world\u2019s two largest economies appear locked in an increasingly bitter standoff with no clear off-ramp in sight.<\/p>\n

The post China strikes back with 125% tariffs on US imports amid deepening trade war<\/a> appeared first on Invezz<\/a><\/p>\n

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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\u2019s 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 <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-38719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=38719"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38719\/revisions"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=38719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=38719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=38719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}