China raised its total retaliatory tariff on U.S. imports to 125% today after the Trump administration clarified the previous day that U.S. duties on Beijing are now 145% because of earlier fentanyl-related levies.
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Stock market shudders as China jacks up tariffs on U.S. to 125%
Stocks are choppy in early trading as Wall Street analysts warn of a sharp escalation in conflict between the world’s two biggest economies.
Trump tariffs live updates: China raises retaliatory levies on U.S. goods to 125% as U.S. dollar sinks
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-related levies.
To instill confidence, China tries to reassure private entrepreneurs of support
As the country faces slowing economic growth and a trade war with the U.S., China has taken pains to reassure entrepreneurs by telling them they can start businesses, create jobs and benefit society.
Steeling China for a Fight, Xi Faces His Biggest Test Since Covid
Xi Jinping has refused to back down in China’s tariff confrontation with President Trump. But he’ll have to persuade his people that the pain is worth it.
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