China fires back at US with 125% tariff on imports, escalating trade war
April 11, 2025
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1:35Now PlayingChina fires back at US with 125% tariff on imports, escalating trade war
YouTube Description
as posted by the channelUS stocks fell on Friday as China struck back at President Trump’s latest tariff with a total 125% tax — further escalating trade tensions between the two nations.
The Dow Jones Industrial Average lost 254 points, or 0.6%, after plummeting 1,014.79 the day before.
The index has been on a wild ride over the past week as markets struggle to absorb back-and-forth trade war news, plunging more than 4,000 points after Trump revealed his so-called “reciprocal” tariffs last Wednesday, then recovering more than 1,500 points this week after he announced a 90-day pause on most of his harsher tariffs.
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#china #tariffs #tradewar
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