Updates: Policy/News/Markets, April 11, 2025
— China hits back: Tariffs on U.S. goods jump to 125%, signals no further increases. China announced it will raise tariffs on all U.S. goods from 84% to 125% starting April 12, in its sharpest retaliatory move yet against President Donald Trump’s latest tariff escalation. The move is accompanied by a sharp rhetorical pivot: Beijing is done matching Washington dollar-for-dollar and is instead calling U.S. tariff policy a “joke.” The move came hours after Trump’s White House clarified that the tariffs it has imposed on China since he took office in January add up to a total of 145%.
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