Trump hits back with a 125% tariff
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China, whose goods now face an aggregate 54% import tariff from Washington, retaliated two days later with a reciprocal 34% tariff on all U.S. goods, which comes on top of other tariffs imposed in the...
From Reuters
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
From Time
Trump’s escalation against China — which is about to face tariffs of at least 104% on goods entering the US — is the most serious pivot yet in his global tariff onslaught and has the most potential t...
From CNN
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The escalating trade war between the US and China could increase liquefied natural gas flows to energy-stricken Europe, as China remains on a multi-month buying strike.
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%