Chinese President Xi Jinping will attend the conclusion of the third session of the 14th National Congress (NPC), held at the People’s Conference held on March 11, 2025 in Beijing, China.
Lintao Chang | Getty Images
China has once again pushed back to President Donald Trump’s customs policy by hiking taxes on US imports to over 80%.
According to a translation of the announcement, China’s State Affairs Committee said tariffs on US goods would rise from 34% to 84% from April 10th. This comes after the latest US tariff hikes that came into effect on early April 9th, increasing taxes on Chinese products to more than 100%.
Repeated escalations of tariffs threaten to halt trade between the two most important economies in the world. According to the US Trade Representative, in 2024, the US exported $143.5 billion in goods to China and imported $438.9 billion in goods.
The Trump administration announced a massive new tariff policy last week, warning other countries not to retaliate. Some countries, including Japan, appear to be willing to negotiate tariffs, but China appears to be taking a more harder stance.
After China’s first response to tariffs announced on April 2, Trump announced an additional 50% increase, bringing the total level of import tax on Chinese products to 104%.
The US had already imposed new tariffs on China before implementing a full trade policy in April. China, along with Canada and Mexico, was hit by new taxes in the first half of President Trump as part of the administration’s efforts to stop fentanyl from entering the United States.
The trade war appears to have surprised investors around the world as the global equity market was sold drastically in April. The S&P 500 fell nearly 20% from its peak on Tuesday, listing the bear market’s major US index. Korea’s Kospi Index immersed its own bear market on Wednesday. Stocks in Shanghai and Hong Kong have fallen sharply since the announcement of US tariffs on April 2.
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