The tariff tit-for-tat between the U.S. and China escalated again Wednesday, with President Donald Trump saying that he is immediately raising the tariffs on Chinese goods to 125% over Beijing’s “lack of respect” toward America, while pausing and lowering reciprocal tariffs on other countries.
“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump posted on his Truth Social media platform.
Trump said that his reciprocal tariffs on other countries would be paused for 90 days, during which the tariff rate would be 10%.
Trump’s move comes just hours after China announced it was increasing its reciprocal tariff on U.S. goods from 34% to 84%.
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