11/04/2025
New post added at China raises stakes in Trump’s tariffs ‘game’ with 125% levy on US goods
https://tellthem.com.ng/2025/04/11/china-raises-stakes-in-trumps-tariffs-game-with-125-levy-on-us-goods/
Trump’s universal tariffs on China now total 145 percent, including a 20-percent tariff on Beijing tied to its role in fentanyl production [Akex Plavevski/EPA]
Beijing to challenge Washington before the WTO, saying the Trump administration to blame for the global economic ‘turbulence’.China has announced it would raise tariffs on all United States goods to 125 percent, further deepening a trade war between the world’s two largest economies.“The US’s imposition of abnormally high tariffs on China seriously violates international trade rules, basic economic laws and common sense,” Beijing’s State Council Tariff Commission said in a statement announcing the retaliatory tariffs on Friday.The new levy will take effect on Saturday, the statement said.China and the US have been engaged in a tit-for-tat tariff war, with US President Donald Trump imposing more tariffs on Beijing earlier this week, even as he put a pause on tariffs for other nations after US markets reacted negatively to the decision.Trump’s universal tariffs on China now total 145 percent. When he announced on Wednesday that China faced 125 percent tariffs, he did not include a 20 percent tariff on China tied to its role in fentanyl production.Meanwhile, China’s Ministry of Commerce has announced it was filing a new lawsuit with the World Trade Organization (WTO) challenging the US tariffs, adding that the US is to blame for the global economic “turbulence” unleashed by Trump.Washington’s levies “(caused) the current world economy, global markets and multilateral trading systems to suffer serious shocks and severe turbulence”, a ministry spokesperson said. “The US should bear full responsibility for this.”TELL THEMtellthem753April 11, 2025Tellthem
