China has announced a significant increase in tariffs on U.S. goods, raising them to 125%. This decision comes amid ongoing trade tensions between the two countries. Chinese officials stated that this hike is a response to previous tariffs imposed by the U.S. on Chinese products.
The new tariffs will affect a wide range of American exports, including agricultural products, machinery, and electronics. China has emphasized that this increase is a final measure, indicating that they do not plan to raise tariffs further for now.
Experts believe this move could escalate the trade conflict, impacting businesses and consumers in both nations. The U.S. government has yet to respond to this latest development. As the situation unfolds, many are watching closely to see how it will affect international trade relations and the global economy.
China on Friday raised its retaliatory tariff rate against the U.S. to 125%, from 84%, and said it would not respond to further hikes by President Donald Trump.
The announcement could mark an inflection point in the spiraling trade war between the superpowers.
