SINGAPORE (ICIS)–China has raised its tariffs on US goods to 125% effective 12 April, from 84% previously, marking the latest salvo in the trade war that roiled global markets this week.
This was in response to the US’ “reciprocal tariffs” on Chinese goods which were raised to 125% on 10 April, the Customs Tariff Commission of the State Council said on Friday.
“The excessively high tariffs imposed by the US on China are a serious violation of international economic and trade rules, as well as basic economic laws and common sense, and are completely unilateral bullying and coercion,” it said.
The US’ cumulative tariff rate on China now stands at 145%, consisting of the new 125% duty on goods, on top of the 20% rate already imposed earlier to pressure China to clamp down on alleged fentanyl trafficking.
Published by: www.icis.com
Nurluqman Suratman
11-Apr-2025
