China Slams US with 125% Tariff, Calls America a Joke
China implemented a 125% retaliatory tariff on US imports, escalating the ongoing trade war. The Chinese Finance Ministry condemned the US tariffs as “bullying” and a violation of international trade rules. While the White House clarified the combined US tariff rate on China as 145%, neither country shows signs of de-escalation. Analysts note market reactions reflecting increased economic decoupling, though some believe the risk of a severe downturn is lessened. The new tariffs are effective immediately.
John Q. Hosedrinker