In a significant development, Donald Trump has announced a sharp hike in tariffs on Chinese goods, raising them to 125% effective immediately. The move comes amid rising tensions over trade imbalances and alleged exploitation of global markets by China.
In his official statement, Trump said,
“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.”
He further criticized China’s trade practices, accusing the country of “ripping off the USA and other countries.”
While the tariff increase takes effect without delay, Trump also revealed a 90-day pause on other planned trade actions, indicating a temporary window for possible negotiations or diplomatic talks.
What This Means for Global Trade
- The tariff hike is expected to impact prices and supply chains worldwide.
- Analysts predict potential retaliatory steps from China.
- Investors and markets are likely to respond with caution in the coming days.
This announcement is part of Trump’s broader push for “fair trade” and reflects growing concerns over China’s influence in global commerce.
Stay tuned for more updates as the story develops.