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2w ago

U.S.-China Trade War Intensifies with Record Tariff Levels

China raises tariffs on U.S. goods to 125% after the U.S. increases duties on Chinese imports to 145%, signaling a deepening economic standoff.

A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. President Donald Trump answers a reporters question during a meeting with Israeli Prime Minister Benjamin in the Oval Office of the White House on April 7, 2025 in Washington, DC.
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Overview

  • China's Finance Ministry announced a 125% tariff on U.S. imports, effective April 12, asserting that further U.S. tariff hikes would be ignored.
  • The U.S. clarified its total tariff on Chinese goods has reached 145%, including earlier fentanyl-related levies, marking the highest tariff levels in 80 years.
  • Global markets remain volatile, with steep declines in U.S. stock indexes, a falling dollar, and record-high gold prices reflecting economic uncertainty.
  • Chinese officials and state media emphasize nationalist rhetoric, vowing to 'fight to the end' and signaling a potential decoupling of the two economies.
  • Negotiations between the U.S. and China appear stalled, with both sides accusing each other of 'bullying' and showing little willingness to compromise.