China Slaps 125% Tariff on U.S. Goods, Raising Global Trade Tensions
China has fired back against U.S. President Donald Trump’s decision to hike tariffs on Chinese products to 145%. On Friday, Beijing upped its own levy on American goods to 125%, effective Saturday, calling Washington’s action “unilateral bullying.” The move follows Trump’s decision earlier in the week to single out China for the steepest duties while granting a 90-day pause on new “reciprocal” tariffs for dozens of other countries.
Chinese President Xi Jinping, speaking publicly on the matter for the first time, warned that there are “no winners in a trade war.” He urged European allies to join him in standing against unilateral actions, even as China signaled this would be the last time it matched U.S. duties one-for-one. Meanwhile, U.S. chipmakers breathed a sigh of relief after Chinese regulators clarified that certain semiconductors designed in America but produced elsewhere would be treated as foreign-made, sparing them from the increased duties.
Financial markets have reacted to the ongoing uncertainty with wild swings. Investors are now watching Vietnam, Japan, and other Asian nations closely, as many rushed to negotiate relief from looming tariffs. With China vowing not to be pushed around any further, experts warn that any additional U.S. escalations could prompt a new round of retaliations—potentially shaking global supply chains and raising consumer prices around the world.
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