China Retaliates with Tariff Increases
On April 11, 2025, China retaliated against President Trump's latest tariff escalation by raising its import tariffs on U.S. goods from 84% to 125%. This marks the third instance of Chinese countermeasures amid ongoing tensions between the two nations. Economists warn that the escalating tariff war could spur inflation and possibly cause a recession in the U.S.
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