Customs war escalated: China increases tariffs to US goods to 125%!

Customs war escalated: China increases tariffs to US goods to 125%!

Washington, USA - The trade conflict between the United States and China continues to increase in sharpness. Today the Chinese government announced that it will increase the tariffs from 84 to 125 percent to imports from the United States. This regulation comes into force on April 12 and is a direct reaction to the latest increase in US tariffs, which, led by President Donald Trump, has grown to a total of 145 percent. Trump announced the customs increase on the Truth Social platform and explained that the increase in customs due to the lack of respect was necessary to China's lack of respect for the world markets, while the US government has previously published sparse information.

The customs dispute between the nations has worsened because the United States had previously introduced tariffs of 20 percent to specific products such as fentanyl. These tariffs have not been taken into account in the previous calculations of the overall tariffs, which led to a significant discrepancy. An employee of the US government center in Washington confirmed that the overall tariffs in China not only limit itself to the newly introduced 125 percent, but also have to take into account the existing 20 percent, which would lead to the 145 percent mentioned.

reaction Chinas

In her announcement, the Chinese government made it clear that it was ready to "fight to the end" in the customs dispute. China has criticized the increased US tariffs as extortion and has not yet shown a direct reaction to Trump's increase in tariffs. Even before this escalation, China had announced retaliation duties on US imports that officially came into force. This includes tariffs on various US food products.

• 15% on chicken, wheat, corn, cotton
• 10% on soybeans, custody, pig and beef, fishing products, fruit, vegetables, dairy products

These tariffs should also come into force next Monday and could have significant effects for US exporters.

The customs effect on the markets

The repeated customs surveys have already led to noticeable declines in the US and Asian stock markets. The increased financial burden by the tariffs makes China's exporting opportunities difficult and leads to uncertainties on the markets. Companies and investors are concerned about the effects of the trade war, which many consider as a new trade war in the style of 2018

The situation remains tense, since the US government also plans tariffs on imports from other countries such as Canada and Mexico, which are set at 25 percent. These dynamics in the trade relationship between the USA and their trading partners make it clear that we are at a critical point in the global economy.

The trade conflicts seem to achieve an escalation that could require a clear course for future economic relationships between the states. Experts and governments worldwide observe developments with excitement, since they could also have far -reaching consequences for the global economy.