China's Immediate Response After Trump's Cabinet Meet: Tariffs on U.S Goods Surge to 125%| Trade War
Video Credit: Oneindia - Duration: 04:45s - Published
China's Immediate Response After Trump's Cabinet Meet: Tariffs on U.S Goods Surge to 125%| Trade War
The trade war between the U.S. and China has reached new heights.
In response to President Donald Trump's decision to raise tariffs on Chinese goods to 145%, China has retaliated by increasing its own tariffs on U.S. imports to a staggering 125%.
With both sides digging in, the global economy is bracing for more turbulence.
As tensions mount between the worldâs two largest economies, the future of international trade hangs in the balance.
Watch the latest developments in this escalating economic conflict.
#China #USTariffs #TradeWar #Trump #ChinaRetaliates #GlobalEconomy #Tariffs #TradeConflict #ChinaUSRelations #EconomicTensions #InternationalTrade #USChina #BusinessNews #TrumpVsChina
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U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of Chinaâs tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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