China Announces Sharp Increase in Tariffs on U.S. Imports

The Chinese Ministry of Finance has declared a significant escalation in its trade response to the United States, raising tariffs on American imports from 34% to 84%, effective April 10, 2025. The announcement follows the implementation of broad U.S. reciprocal tariffs, which took effect earlier today at 12:01 AM.

In parallel, Chinese and European officials have reportedly been in communication to address the growing financial instability triggered by the tariff war, according to the Chinese Ministry of Foreign Affairs. The European Union is also expected to introduce retaliatory measures later today, as reported by gCaptain.