China Raises Tariffs on U.S. Goods to 125%, Urging the United States to Cease Unilateral Bullying
China Announces Countermeasures as U.S. Raises Tariffs to 145%
The White House announced this morning (April 11) an increase in tariffs on China to 145%. In response, the Chinese Ministry of Finance has launched countermeasures, raising tariffs on American goods from the original 84% to 125%. The Chinese government emphasized that should the U.S. continue to escalate, China will turn a blind eye and pointed out that American products can no longer stand in the Chinese market.
China’s Countermeasures: Tariffs on U.S. Goods Raised from 84% to 125%
The Chinese Ministry of Finance stated that starting April 11, the import tariffs on all American goods will be increased from 84% to 125%. It further indicated that this is the limit they can bear, and if the U.S. continues to raise tariffs, China will not respond further and will simply ignore it.
The image shows the respective tariff increases of 145% and 125% for China and the U.S.
China’s Firm Stance: U.S. Products No Longer Competitive in Chinese Market
In a statement, China pointed out that under such high tariffs, American products have lost their market competitiveness. It believes that both sides have exceeded rationality, and should the U.S. continue to escalate, China will not engage further, as it has become meaningless economically.
Market Reaction: U.S. Stock Futures Drop, Hong Kong Stocks Retreat, Dollar Weakens
According to Bloomberg, China’s wave of countermeasures immediately triggered market fluctuations:
- S&P 500 futures fell further
- Hong Kong’s Hang Seng Index futures gave back early gains
- The U.S. dollar index declined, with a daily drop exceeding 1%
This reflects market anxiety over the deterioration of U.S.-China relations and the outlook for global trade, as well as concerns about corporate costs and supply chains being impacted again.
Chinese Ministry of Commerce Criticizes U.S. for Playing Numbers Game
The Chinese Ministry of Commerce also criticized the U.S., stating: “The U.S. repeatedly misuses high tariffs, which is fundamentally just a numbers game with no economic significance, and has become a joke.” It further pointed out that the U.S. tariff policy is not based on economic logic but rather political manipulation, effectively becoming a coercive tool for unilateral bullying.
The image shows the latest statement from the Chinese Ministry of Commerce.
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