China has announced a sharp increase in tariffs on all imports from the United States, raising duties to 125% in response to recent US trade measures. The move marks a significant escalation in the ongoing trade war between the world's two largest economies. Chinese officials dismissed the US tariffs as a 'joke' and signaled they no longer see value in mirroring Washington’s actions. This tit-for-tat escalation raises concerns about further economic disruption and global market instability. The standoff reflects deepening tensions as neither side appears willing to back down.
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China Matches US Tariffs, Raises Duties To 125%, Calls US Measures A ‘Joke’
In a significant escalation of the ongoing trade tensions, China announced it will raise tariffs on all imports from the United States to 125 per cent, up from the current 84 per cent, starting April 12.
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