China hits back with 125% tariff, but signals pause in trade war
China raised tariffs on all U.S. imports to 125% on Friday, escalating the trade war but signaling a pause in retaliation.
The State Council Customs Tariff Commission announced the new rate, up from 84%, effective April 12.
Beijing said it would no longer “pay attention” to any further tariff hikes from the Trump administration, calling market acceptance for U.S. goods impossible under current conditions.
The move follows President Donald Trump’s decision to raise tariffs on Chinese goods to 145%, accusing China of unfair trade practices.
The ongoing tariff battle has shaken global markets, with no sign of relief as both economic giants refuse to back down.
However, China’s latest statement suggests it will not escalate further for now.
Beijing also filed a fresh lawsuit against Washington at the World Trade Organization over the latest U.S. tariff increases.
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