China Hikes Tariffs on US Goods to 125%

China’s finance ministry today announced that it has raised additional tariffs on US goods from 84 per cent to 125 per cent. In a statement, the ministry said, the U.S. side’s imposition of excessively high tariffs on China seriously violates international economic and trade rules



and is simply an act of unilateral bullying and coercion. Investors had been waiting to see how Beijing would respond to US President Donald Trump’s move on Wednesday to effectively raise tariffs on Chinese goods to 145 per cent.