China raises tariffs on US to 125% in latest trade war escalation

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China raises tariffs on US to 125% in latest trade war escalation  Beijing is responding to the US' decision to hike levies, although China said it's unwilling to go any higher.  READ MORE : http://www.euronews.com/2025/04/11/china-raises-tariffs-on-us-to-125-in-latest-trade-war-escalation  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00China will raise tariffs on U.S. goods to 125 percent, up from 84 percent, taking effect on

00:08Saturday, but said it won't go any higher, according to Beijing on Friday. The tariffs

00:14come in retaliation to the U.S. decision to hike levies to a total of 145 percent on imported goods

00:22from China. In a statement, the Chinese finance ministry said even if the U.S. continues to

00:28impose higher tariffs, it will no longer make economic sense and will become a joke in the

00:34history of the world economy. It added that China will fight to the end. The American S&P 500 and

00:41Dow Jones stock markets dropped following the news, adding to a week of ups and downs. The dollar also

00:48fell nearly two percent against the euro after China's announcement. Earlier this week, Trump

00:53paused the majority of tariffs for a period of 90 days.

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