close
Thursday, April 10, 2025

Trump raises U.S. tariff on China to 125% as trade war escalates

Mr Trump disclosed this in a statement on X after China placed additional retaliatory tariffs on the U.S.

• April 10, 2025
Trump talking with Xi
Trump talking with Xi [Credit: BBC]

President Donald Trump has announced a tariff hike from 104 per cent to 125 per cent on imports from China to the U.S.

Mr Trump disclosed this in a statement on X after China placed additional retaliatory tariffs on the U.S.

He blamed the world’s second-largest economy for disrespecting the world’s markets and ripping off countries, including the U.S., for the tariff hike.

Mr Trump said, “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the tariff charged to China by the United States of America to 125%, effective immediately.

He, therefore, hoped that China would, at some point, “realise that the days of ripping off the U.S.A., and other countries, is no longer sustainable or acceptable.”

Mr Trump, however, directed a three-month suspension of “reciprocal tariff ” on other countries, reverting to the universal 10 percent tariff rate, within the period, as compensation for not retaliating against the U.S.

“I have authorized a 90-day pause and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” he said.

He said the tariff reversal followed calls by over 75 countries on U.S. representatives, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to subjects relative to trade, trade barriers, tariffs, currency manipulation, and non-monetary Tariffs.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Federal Ministry of Housing and Urban Development

Abuja

Tinubu’s govt inaugurates service charter to provide affordable houses for Nigerians

The charter was inaugurated by Minister of Housing and Urban Development Ahmed Dangiwa on Wednesday in Abuja.

Jet Set nightclub calamity

World

At least 184 killed in nightclub roof collapse in Dominican Republic

At least 184 people have been killed in the Dominican Republic after the roof of the iconic Jet Set nightclub in Santo Domingo collapsed.

NAICOM

Economy

NAICOM says proactive risk management key to Nigeria’s development- NAICOM

Mr Omosehin urged stakeholders to be committed to advancing risk management practices that align with Nigeria’s development aspirations.

Davido and Scales of justice

World

U.S. court summons Davido to New York for stealing 2024 soundtrack, failing to pay $45,000 debt

Davido was sued alongside Emmerson Amidu Bockarie, professionally known as Emmerson, featured on the musician’s song.

OLAYEMI CARDOSO; CBN

Economy

CBN announces economic resurgence, declares $6.83 billion balance of payments surplus

According to a statement by CBN, this marks a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022.

NDIC and Heritage Bank

Economy

Liquidated Heritage Bank depositors to receive first tranche of dividends in April: NDIC

The Nigeria Deposit Insurance Corporation says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April.