Monday , 9 June 2025 | 1 USD = 282.139409 PKR
1 Tola Gold Rate = Rs. 354800.00
Trump Slaps 145% Tariffs on Chinese Imports, Igniting Major Trade Showdown
Trump Slaps 145% Tariffs on Chinese Imports, Igniting Major Trade Showdown

Trump Slaps 145% Tariffs on Chinese Imports, Igniting Major Trade Showdown

Washington, D.C., April 11, 2025—The US raised the bar on the Chinese trade tariffs to 145% of the original imports. The White House announced this to address the long-unbalanced market the two nations have had and to solve the issue of the theft of American-owned patents. ​

The change in tariffs took place in the last four weeks. It all started with President Donald Trump formally declaring the imposition of 34% “reciprocal” tariffs on China’s goods on April 2 to the already imposed 20%, and thus, the total became 54%. The following executive orders doubled the tariffs to 84% on April 8 and 125% on April 9. The fresh round of elaboration from the White House indicated that the net effect of these actions came to a 145% tariff rate on Chinese exports.

China, in reaction to the US, has decided to hike the tariffs on American merchandise from 84% to 125%, and the new rates will be effective as of April 12. The Chinese Ministry of Finance confirmed that their move was a reactive one to the US’s increased tariffs. ​

The reactive tariffs spat has been worrying global markets. American stock markets experienced a rally of stands as major indices such as the NASDAQ fell over 4%, the S&P 500 saw a 3.4% drop, while Dow went down 2.5%. Investors feel that the crisis is being fueled to cause a deep decline in economic growth. ​

Additionally, experts have predicted that the deeper trade friction could lead to the rupture and subsequent loss of the existing trade balance between the two countries, estimated at $582 billion. Report data bearing out the first negative effects includes numerous shops and businesses that had canceled their orders, reported higher costs, and even initiated the process of laying off workers.

President Trump recognized that there might be short-term economic disruptions by calling them “transition problems,” but he suggested that the imposition of tariffs would cause the economy of the US to improve. He said that these are significant measures taken to make it right after numerous years of economic exploitation by China.

While both countries are taking positions that become more rooted, the international community is observing the situation with great concern regarding the participation of global trade and the stability of markets.

About Noor

I am a Professional content writer with a master’s degree in finance, specializing in SEO, news, and informational content. With a strong analytical background and creative writing skills, Delivers and engaging, well-researched, and information content.

Check Also

PM Shehbaz Sharif’s Planned Two-Day Trip to Saudi Arabia

PM Shehbaz Sharif’s Planned Two-Day Trip to Saudi Arabia

Today, June 05, 2025, Pakistan’s Prime Minister Shehbaz Sharif is heading to Saudi Arabia for …

Leave a Reply