Trump tariffs update: China hikes taxes on US goods as trade war escalates
These are the updates for Friday, April 11, 2025, as US stock markets ended on a slight upswing after a turbulent week.
Published On 11 Apr 2025
- China announced it has increased its tariffs on US imports to 125 percent, warning that the rate was high enough to effectively dampen US access to the Chinese market.
- This comes after the White House clarified yesterday that it was actually imposing tariffs totalling 145 percent on China, combining the previously announced 125-percent rate with a 20-percent import tax levied for fentanyl smuggling.
