China will now pay 125% tariffs: Trump's latest move as trade war continues

US President Trump also announced a 90-day pause on tariffs for most countries, except China.

Updated on: Apr 10, 2025, 05:00:07 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

US President Donald Trump on Wednesday announced that he would raise the tariff on Chinese imports to 125 per cent from 104 per cent. The newer range of tariffs will come into effect at midnight.

US President Donald Trump accused China of "ripping off" his country. (Reuters)

"Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump wrote on Truth Social.

Along with the raised tariffs for Beijing, President Trump also announced a 90-day pause on duties for most countries, except China. The announcement came after the global economy appeared to be in open rebellion against Trump's tariffs.

"I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," Trump wrote on social media.

The US President had only hours earlier ramped up the duties on Chinese goods to a giant 104 per cent. China then retaliated by raising tariffs on US imports to 84 per cent.

Also Read | After China, EU hits back at Donald Trump with tariffs targeting €21 billion worth goods

Trump's sudden reversal came less than 24 hours after steep new tariffs kicked in on imports from dozens of trading partners. The new trade barriers have hammered markets, raised the odds of recession and prompted retaliatory responses from China and the European Union.

EU hits back at Trump with tariffs targeting €21 billion worth goods

The European Union approved tariffs to hit around €21 billion ($23.2 billion) of US goods in retaliation for the 25 per cent duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports.

A majority of the EU’s 27 member states on Wednesday voted in favor of the penalties, some of which will start to take effect in mid-April.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Get the latest World News, breaking headlines and global updates from the US, UK, Pakistan, Bangladesh, Russia and other countries. Follow major international events on Hindustan Times.