#USElectronicsTariffs
China isn’t budging following U.S. President Donald Trump’s move to slap a 145% tariff on the country. On Sunday, the Chinese Ministry of Commerce fired back, saying the United States must rethink what it called an “erroneous” approach—urging Washington to “completely cancel” the tariffs in no uncertain terms.
Chinese Foreign Ministry Warns: Americans Will Pay the Price for Trump’s Trade Moves
After a wild ride in the markets this past week, China is turning up the heat—pressing the U.S. to scrap its freshly imposed tariffs once and for all. It all started on April 2, when Trump rolled out sweeping 10% reciprocal tariffs targeting more than 100 nations, with some facing even heavier rates. A week later, on April 9, Trump hit pause on the tariffs for 90 days—but left China out of the deal. By the week’s end, China’s tariff rate had ballooned to 145%.
China wasted no time firing back. On Saturday, April 12, Beijing hiked its retaliatory tariffs on U.S. goods to 125%. Meanwhile, the Trump administration announced a pause on tariffs for consumer electronics this weekend. But U.S. Commerce Secretary Howard Lutnick warned the relief might be short-lived, saying those goods could still be hit next month