US President Donald Trump has announced that he will increase the tariff rate on Chinese goods imported into the United States to 125% due to what he calls China’s lack of respect for world markets. In retaliation, China has raised its tariff rate on US goods to 84%. However, Trump has authorized a 90-day tariff pause for over 75 countries who are negotiating with Washington. Treasury Secretary Scott Bessent confirmed that most of the country’s major trading partners will have a pause on reciprocal tariffs, except for China, which will face a universal 10% tariff during negotiations. The announcement caused global markets to surge, with the Dow Jones index jumping 2,000 points in minutes. Trump’s latest round of tariffs, which went into effect immediately, target products from China, the European Union, Japan, and South Korea. US officials have reassured that the rates are negotiable, but the process could take months. Our journalists are following this story and will provide updates as more information becomes available.
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Donald Trump increases tariff rate on Chinese imports to 125% with immediate effect
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