RT.com
09 Apr 2025, 23:17 GMT+10
The decision comes shortly after Beijing retaliated against Washingtons previous tariff rise
US President Donald Trump has raised the tariffs on Chinese goods to 125% in response to retaliatory measures imposed by Beijing earlier on Wednesday.
In a post on his Truth Social platform, Trump wrote that "based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately."
He expressed hope that Beijing would realize that "ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable."
The move came hours after China's Finance Ministry announced a tariff hike of its own, which brought tariffs levied on American imports to a total of 84%, thus mirroring Washington's previous increase by 50%.
READ MORE: China imposes extra 84% tariff on US goods
The continual tit-for-tat escalation of the trade war between the world's two top economies was set in motion when Trump imposed a 20% tariff on all Chinese goods in March. Last week, he added an additional 34%, to which Beijing responded in kind.
DETAILS TO FOLLOW
(RT.com)
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationWINDSOR, Ontario: Production at Stellantis' Windsor, Ontario assembly plant will pause for two weeks, as mounting trade tensions trigger...
Beijing [China], April 9 (ANI): China's Ministry of Culture and Tourism on Wednesday issued a risk alert for Chinese citizens planning...
Ahmedabad (Gujarat) [India], April 9 (ANI): Congress leader Rahul Gandhi on Wednesday slammed Modi government over 26 per cent 'reciprocal...
New Delhi [India], April 9 (ANI): External Affairs Minister S Jaishankar and his US counterpart Marco Rubio held a telephonic conversation...
Mumbai (Maharashtra) [India], April 9 (ANI): Former ADG Special Operations and Joint CP Mumbai Police, PK Jain, on Wednesday addressed...
Washington, DC [US], April 9 (ANI): US President Donald Trump on Wednesday pushed for a 'one big beautiful bill' and told fellow Republicans...
KYIV, Ukraine: Talks between Ukraine and the United States over a critical minerals agreement are set to continue this week, as officials...
WASHINGTON, D.C.: Elon Musk's SpaceX, Jeff Bezos' Blue Origin, and United Launch Alliance (ULA) won U.S. military contracts worth US$13.5...
WASHINGTON, D.C.: The U.S. Internal Revenue Service (IRS) began laying off workers late last week, according to an email sent to staff,...
GAZA STRIP - As the conflict in Gaza intensifies, the humanitarian crisis has reached unprecedented levels. The death toll has risen...
ATLANTA, Georgia: Georgia senators ended the 39th day of their 2025 session this week by approving a bill that would ban diversity,...
MONTGOMERY, Alabama: Alabama's House of Representatives has passed a bill that would stop students from using cellphones in public...