China’s tariff on US goods has escalated dramatically in recent days, sending shockwaves through global markets and also intensifying the already heated US-China trade war. The White House just announced a staggering increase that will see all Chinese imports facing at least 104% in tariffs, a move that marks one of the most aggressive trade actions we’ve seen in economic history.
BREAKING: 🇨🇳🇺🇸 China announces additional 84% tariff on US goods. pic.twitter.com/PGujSak11A
— Watcher.Guru (@WatcherGuru) April 9, 2025
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How the Latest China Tariffs Will Impact US Goods, Crypto, and Global Markets
Trump Administration Imposes Record Tariffs
The dramatic escalation in China’s tariff on US goods was confirmed just yesterday by White House Press Secretary Karoline Leavitt, who announced an additional 84% in levies across all Chinese imports after China refused to back down from its retaliatory tariffs that had been threatened.
Karoline Leavitt was clear about the fact that::
“Countries like China, who have chosen to retaliate and try to double down on their mistreatment of American workers, are making a mistake. President Trump has a spine of steel, and he will not break.”
The total average tariff on Chinese exports to the US will now reach nearly 125%, which represents a significant jump from the 20.8% average rate that the Biden administration maintained. US stocks actually ended much lower right after the announcement, with the Dow falling about 0.84%, the S&P 500 dropping around 1.57%, and the tech-heavy Nasdaq sliding even further at 2.15%.
Market Reactions and Asian Response
Asian markets were definitely affected by the news as well, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng both opening around 3% lower the next day, while South Korea’s Kopsi and Australia’s ASX 200 also dropped by approximately 1%.
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China’s response to these China tariffs on imports has been quite defiant, with state media and influential commentators sharing a list of potential countermeasures including increased tariffs on US agricultural products such as soybeans, and also limited market access for various American services.
The US-China relations continue to deteriorate as China’s Commerce Ministry has firmly opposed the additional tariffs, essentially calling them “a mistake upon a mistake” in their official statement.
Consumer Impact
China’s tariff on US goods extends well beyond just industrial products at the time of writing. President Trump has also signed an executive order that triples tariffs on goods worth less than $800 from China, increasing the “de minimis” exemption from the originally planned 30% to a much higher 90%.
American consumers will definitely feel these effects when ordering from popular sites like Shein, Temu, and AliExpress. Right now, China remains America’s second-largest import source, having shipped around $439 billion worth of goods to the US last year.
The economic impact will particularly affect everyday items such as toys, smartphones, computers, and also various electronics – all areas where China continues to dominate US imports right now.
Despite all the escalating tensions, Leavitt claimed in her statement:
“The Chinese want to make a deal, they just don’t know how to do it.”
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Meanwhile, dozens of other countries and also the European Union face new tariff rates ranging from 11% to 50%. The mutual China tariff on US goods threatens industries on both sides and will likely result in layoffs and economic disruption as neither nation is showing any willingness to back down from this high-stakes economic confrontation that seems to be getting worse by the day.