China raises tariffs on U.S. goods to 125 percent
Digest more
Top News
Overview
Impacts
NBC News |
China raised its total retaliatory tariff on U.S. imports to 125% today after the Trump administration clarified yesterday that U.S. duties on Beijing are actually 145% because of earlier fentanyl-re...
The Boston Globe |
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
U.S. News & World Report |
China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
Read more on News Digest
U.S. chipmakers which outsource manufacturing will be exempt from China's retaliatory tariffs on U.S. imports, according to a notice by the main Chinese semiconductor association on Friday.
China unveiled retaliatory tariffs of 84% on imports of US goods on Wednesday, matching additional tariffs imposed by US President Donald Trump earlier in the day and further inflaming a trade war between the world’s two biggest economies.
The treasury secretary spoke with Fox Business moments after China announced an 84% retaliatory tariff against the U.S.
US stocks swung back to gains before the bell on Friday, eyeing a comeback bid after China hit the US with a retaliatory tariff hike but signaled it won't hike duties any further. China said Friday it will raise duties on imports of US goods to 125%,
Trump says 'more than 75 countries' want to negotiate trade deals to remove the tariffs. China, however, imposed its own 84% retaliatory tariffs on US imports today.
Explore more
The U.S. will impose a 104% tariff on imports from China starting on Wednesday, according to White House officials.
President Donald Trump announced a tariff pause for most countries. Markets surge: Financial markets jumped after the announcement and after tariffs had sparked a bond sell-off earlier in the day. The tariff pause is set for 90 days.
Following nearly a week of volatile stock swings, U.S. markets opened after China imposed its own 125% tariffs on imports from the U.S. Investopedia Editor-in-Chief Caleb Silver breaks down how the escalating trade war between the U.