Beijing has raised tariffs on U.S. imports to 125%, retaliating against U.S. President Donald Trump’s decision to hike duties on Chinese goods to 145%, intensifying a trade war that threatens global supply chains. China’s countermeasures take effect Saturday, signaling its firm stance but suggesting this may be its final tariff response to U.S. escalations.
China’s Finance Ministry condemned the U.S. move as “unilateral bullying,” asserting further hikes would be economically meaningless. President Xi Jinping echoed these sentiments, urging the EU to jointly resist unilateralism and defend the rules-based global order.
Despite tensions, U.S. chipmakers like Qualcomm and AMD are exempt from China’s retaliatory tariffs due to outsourced production in Taiwan, a strategic move to maintain tech sector stability. China’s chip industry continues to receive strong government support to build local capacity.
In parallel, Trump has temporarily paused most new tariffs on dozens of countries, offering a 90-day window for negotiations. Vietnam, hit with a 46% tariff, is working to curb rerouted Chinese goods and is seeking reduced rates. Japan’s reciprocal tariff was slashed to 10%, with trade talks scheduled for April 17 in Washington.
The ongoing tariff war has shaken markets and drawn sharp criticism over economic volatility, as global players brace for continued uncertainty.
Source: Swifteradio.com
