Overview

• China raised its tariffs on U.S. goods from 84% to 125%, starting April 12, in retaliation to U.S. tariff hikes.
• The U.S. now imposes a cumulative 145% tariff on Chinese imports, including a 20% levy tied to fentanyl-related issues.
• China declared it will disregard any further U.S. tariff increases, stating American goods are no longer economically viable for its market.
• Global markets continue to experience volatility, with industries and multinational companies, like Apple, restructuring supply chains to mitigate the impact.
• Chinese President Xi Jinping criticized the tariffs as 'unilateral bullying' and called on the European Union to oppose U.S. actions.