Washington, D.C. |
In a bold and unexpected move, former President Donald J. Trump issued a statement today announcing a sharp increase in tariffs on Chinese goods, citing ongoing concerns about China’s behavior in global markets.
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump declared in a statement shared on his official platform. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”
The announcement comes amid escalating tensions over trade, currency manipulation, and alleged unfair market practices. Trump’s new policy marks one of the highest tariff levels imposed on Chinese imports in modern history.
In a notable contrast, Trump also announced a 90-day tariff pause for over 75 other countries that have engaged with U.S. trade authorities in recent weeks. These nations, he said, have refrained from retaliatory action and have instead entered into negotiations with U.S. officials from the Departments of Commerce, Treasury, and the U.S. Trade Representative (USTR).
“I have authorized a 90-day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump added.
The move is expected to send shockwaves through global markets and may further strain U.S.-China relations. Analysts are watching closely to gauge Beijing’s response and the potential ripple effects on supply chains, investor confidence, and global trade dynamics.
