China raises tariffs on US goods from 84% to 125%
China on Friday announced a set of countermeasures, stating it will raise tariffs on U.S. goods from 84% to 125%, effective Saturday.
The trade conflict between the U.S. and China has intensified as both sides raise tariffs, despite U.S. President Donald Trump having paused tariff increases for other nations.
Trump’s overall tariff rate on Chinese goods now stands at 145%. When he announced on Wednesday that China would face 125% tariffs, he excluded a separate 20% tariff linked to China’s involvement in fentanyl production.
“The U.S. has turned the frequent imposition of excessively high tariffs on China into a numbers game, which lacks real economic meaning and will be remembered as a farce in the history of the global economy,” said a spokesperson from China’s Commerce Ministry in a statement unveiling the counteraction.
“Nonetheless, if the U.S. continues to seriously violate China’s interests, China will firmly respond and fight to the end.”
The Commerce Ministry also stated it is filing an additional case with the World Trade Organization in response to the U.S. tariff hikes.