US tariffs on China hit 145% as Beijing retaliates with 125%
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A Trump administration official interviewed by CNBC explained that US tariffs on Chinese exports have risen from 125% to 145%. However, just hours ago, the Chinese government decided to increase tariffs on US goods imported into China from 84% to 125%, with the new measure set to take effect tomorrow, Saturday, April 12th. In a press release, China’s Ministry of Finance stated that such high tariffs imposed by the White House constitute a violation of international trade rules and an act of unilateral coercion.
US President Donald Trump had already signed an executive order yesterday to raise tariffs on China to 125%, with an additional 20% hike attributed to China’s lack of cooperation in curbing the spread of fentanyl, the synthetic opioid that is illicitly produced in Asia.
Trump stated that since the announcement of US global tariffs last week, 75 countries have contacted US government representatives in an attempt to reach an agreement, while the Chinese government has refused to negotiate with the White House, accusing the Trump administration of bullying other nations. In response, Beijing has decided to raise tariffs on US goods imported into China to 84%, with Chinese Foreign Ministry spokesperson Lin Jian asserting that if a cause is just, it receives support from many — but that will not happen with the US.
Meanwhile, relations between China and the European Union are strengthening. Recently, there have been phone talks between Chinese Premier Li Qiang and European Commission President Ursula von der Leyen, as well as a video conference on Tuesday between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maroš Šefčović to discuss US tariffs. Signals from Beijing suggest a desire to collaborate more closely with the EU, enhancing communication and commercial channels, as well as increasing investment flows and industrial cooperation.
US President Donald Trump had already signed an executive order yesterday to raise tariffs on China to 125%, with an additional 20% hike attributed to China’s lack of cooperation in curbing the spread of fentanyl, the synthetic opioid that is illicitly produced in Asia.
Trump stated that since the announcement of US global tariffs last week, 75 countries have contacted US government representatives in an attempt to reach an agreement, while the Chinese government has refused to negotiate with the White House, accusing the Trump administration of bullying other nations. In response, Beijing has decided to raise tariffs on US goods imported into China to 84%, with Chinese Foreign Ministry spokesperson Lin Jian asserting that if a cause is just, it receives support from many — but that will not happen with the US.
Meanwhile, relations between China and the European Union are strengthening. Recently, there have been phone talks between Chinese Premier Li Qiang and European Commission President Ursula von der Leyen, as well as a video conference on Tuesday between Chinese Commerce Minister Wang Wentao and EU Trade Commissioner Maroš Šefčović to discuss US tariffs. Signals from Beijing suggest a desire to collaborate more closely with the EU, enhancing communication and commercial channels, as well as increasing investment flows and industrial cooperation.