China retaliates: Tariffs on American goods hiked from 84% to 125%
China slaps US with 125% tariffs on goods
China announced countermeasures by raising tariffs on U.S. goods from 84% to 125% starting Saturday. The U.S. and China have escalated a new trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries. Trump’s universal tariffs on China total 145%. Jason Greer, Founder and President of the Greer Consulting, Inc weighs in.
The trade battle between the two largest economies in the world escalated on Friday as China hit the U.S. back by saying it would be raising tariffs on American goods from 84% to 125%.
‘Bullying and coercive practice’
China’s Commerce Ministry said the U.S. was violating international economic trade rules, calling the tactics "bullying and coercive."
China's Commerce Ministry also said it would file another lawsuit with the World Trade Organization against the U.S. tariffs.
What they're saying:
"The US's imposition of abnormally high tariffs on China seriously violates international economic and trade rules, and also violates basic economic laws and common sense. It is a completely unilateral bullying and coercive practice," the Chinese finance ministry asserted.
"Given that at the current tariff level, there is no market acceptance for U.S. goods exported to China, if the U.S. continues to impose additional tariffs on Chinese goods exported to the U.S., China will ignore it."
FILE - Cranes unload cargo shipping containers from the ONE Hannover container ship at the Port of Los Angeles in San Pedro, California on April 10, 2025. (Photo by PATRICK T. FALLON/AFP via Getty Images)
145% tariff on China
The backstory:
President Donald Trump imposed a 125% tariff on China in response to its previously imposed 84% tariffs on U.S. goods on Wednesday. The president simultaneously paused tariffs on most other nations for 90 days.
But when factoring in the tariff Trump slapped on China pertaining to fentanyl, America's tariffs against China are at a whopping 145%.
The new levies are set to begin on Saturday.
What goods will be impacted?
Big picture view:
Chinese tariffs will affect goods like soybeans, aircraft and their parts and drugs — all among the country's major imports from the U.S. Beijing, meanwhile, suspended sorghum, poultry and bonemeal imports from some American companies last week, and put more export controls on rare earth minerals, critical for various technologies.
The United States' top imports from China, meanwhile, include electronics, like computers and cell phones, industrial equipment and toys — and consumers and businesses are likely to see prices rise on those products.
RELATED: Who’s at risk? US companies facing the biggest hit from China tariffs
The Source: Information for this article was based on reporting by The Associated Press, FOX Business and previous reporting by LiveNOW from FOX.