China raises tariffs on US to 125% in latest escalation of trade war
China’s leader, Xi Jinping, has said his nation is ‘not afraid’ as Beijing raises tariffs (Picture: Getty Images)
China has increased its tariffs on US imports from 84% to 125% after Donald Trump hit Beijing with a 125% rate – despite pausing tariffs for other countries.
The US tariff rate on Chinese imports now effectively totals 145%, after Trump’s latest executive order boosted reciprocal tariffs on Beijing to 125%, combined with a 20% fentanyl-related tariff imposed in February and March.