China hits back: US goods to face 125% tariffs starting April 12

China has announced a sharp increase in tariffs on all US imports, raising the rate from 84% to 125%, in response to the Trump administration’s latest round of trade restrictions.

The move, set to take effect on April 12, was confirmed by China’s Ministry of Finance on Friday.

Beijing also sharply criticized the US tariffs, calling them a “joke” and stating it no longer considers Washington's trade actions worth reciprocating.

Read: China slaps US with 84% tariff

This statement follows the White House’s confirmation that US tariffs on Chinese goods had been raised to 145% earlier this year.

The retaliatory measure marks a significant escalation in the ongoing trade dispute, with markets bracing for further volatility.

President Donald Trump had recently signed an order imposing higher levies but temporarily paused further increases for 90 days, citing concerns about “transition problems.”

Despite earlier signs of restraint from Beijing, including a decision to hold off on immediate retaliation, the latest move signals a hardened stance from China.

Analysts warn that the widening tariff gap could strain global supply chains and unsettle financial markets.