Wednesday, September 10, 2025
30.1 C
Abuja

China Raises Tariffs on US goods to 125% effective April 12

China will raise tariffs on all US goods from 84% to 125% starting April 12, and said it plans to ignore any further increases announced by Washington from here because the Trump administration’s moves have become “a joke.”

The announcement by the Ministry of Finance on Friday came after the White House clarified that levies on Chinese goods rose to 145% this year. China said it no longer makes economic sense if the US imposes more tariffs.

“Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures,” according to the statement.

In a separate statement, the Commerce Ministry said Washington’s repeated use of excessively high tariffs has become little more than a numbers game — economically meaningless and revealing its use of tariffs as a tool for bullying and coercion. “It’s become a joke,” the ministry said.

However, China warned that it will “resolutely counterattack and fight to the end” if the US continues to infringe on its rights and interests. It also said America should take full responsibility for the damage caused by the tariffs.

Tensions between Beijing and Washington have spiraled beyond tit-for-tat tariff exchanges in recent days to impact services and people’s ties. Authorities on Thursday moved to cut the number of American films allowed in Chinese theaters, suggesting broader retaliation beyond goods may be underway.

Chinese officials on Wednesday cautioned citizens against traveling to the US, and warned students of security risks related to studying in “certain US states” — a departure from Xi’s push to improve people exchanges.

The tariff hikes have marked a dramatic step-up in trade tensions between the two countries. Prior to 2025, the average import taxes charged by each side on the other were less than 20%, even after the first trade war in Trump’s previous term in office.

Hot this week

Oluwafemi Ogunniyi: How Strategic Innovation Can Bridge Markets Between Africa and the World

Africa stands at a defining moment in its economic...

Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

An analysis by – Lawal Sale The occasion was the...

Nigeria-China Relations and the Global Governance Initiative

By Charles Onunaiju Last July, at the 17th BRICS Leaders’...

China’s Theoretical Gestation And President Xi Jinping’s Enunciation Of Global Governance Initiative

By Prof Sheriff Ghali Ibrahim The term Global Governance Initiative...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img