In a significant escalation of the trade war between the United States and China, Beijing announced on April 11, 2025, that it will raise tariffs on U.S. goods from 84% to 125%. This move comes in direct response to President Donald Trump’s recent decision to increase tariffs on Chinese imports to 145%.
China’s Finance Ministry condemned the U.S. actions, stating that the imposition of abnormally high tariffs on China “seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion.” The ministry further warned that if the U.S. continues to infringe upon China’s interests, China will “resolutely take countermeasures and fight to the end.”
The escalation has raised concerns about the potential impact on global supply chains and financial markets. Following the announcements, market analysts observed increased volatility, with U.S. stock futures experiencing fluctuations and Asian markets showing mixed results.
In a related development, Chinese President Xi Jinping called for support from the European Union to jointly resist unilateral bullying practices, emphasizing the need for international collaboration in the face of escalating trade tensions.
