U.S. Imposes Up to 245% Tariffs on Chinese Imports Amid Escalating Trade War…
In a significant escalation of the ongoing trade conflict, the Trump administration has announced tariffs of up to 245% on Chinese imports. This move comes in response to China’s retaliatory measures, which included imposing tariffs of up to 125% on U.S. goods.
According to a White House fact sheet released on April 15, 2025, the increased tariffs are a direct consequence of China’s retaliatory actions. The administration stated, “China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions.”
The trade tensions have led to significant volatility in global markets. U.S. stock indices experienced sharp declines, with the S&P 500 falling 3.45%, the Nasdaq dropping 4.31%, and the Dow Jones Industrial Average decreasing by 2.54%. Former Treasury Secretary Janet Yellen criticized the tariffs as the “worst self-inflicted wound” on a strong economy, warning of potential recession risks.
China has responded by appointing Li Chenggang as its new chief international trade negotiator, replacing Wang Shouwen. Li brings extensive experience, having previously served as China’s ambassador to the World Trade Organization and as an assistant minister at the Commerce Ministry. Analysts view this appointment as a strategic move to navigate the escalating trade tensions.
