Trade war: China increases tariffs to US imports to 125 percent

China follows up in the trade dispute with the USA: The counter-tariffs on US goods are now to increase to 125 percent, as the customs commission of the Chinese State Council announced. If the government in Washington will continue to raise tariffs to Chinese goods that are exported to the USA in the future, China will continue to ignore this.

The tariffs had reached a level at which there was no longer any market acceptance for US goods that would be exported to China. According to the announcement on April 12, the measure should come into force.

US President Donald Trump had previously announced that the tariffs on imports from China further increase to 125 percent. The US government then announced that they had not included in the amount of 20 percent. This means that the special customs set against China is now 145 percent, while Trump had temporarily suspended certain surcharges in parallel for other countries.

Trump justified the step by making China towards the world markets “lack of respect”. Beijing had previously made it clear in response to the US customs duties of the past few days that it was ready to “fight until the end” and accused the USA “extortion”.

At the same time, China advertises better relationships from other trading partners. At a meeting with the Spanish Prime Minister Pedro Sánchez, Beijing campaigned for working with the EU in the global trade conflict.

Before that, EU trade commissioner Maros Sefcovic and the Chinese Minister of Commerce Wang, Wang Wentao, had also talked about more economic exchange on both sides.

The partially steering of US President Trump in the international customs conflict had initially caused some relief among trading partners and on the stock exchanges. After the brilliant upswing on Wednesday, however, the US stock markets had reverse the reverse gear on Thursday.

The reason for the upward trend was that after great turbulence on the stock and financial markets, Trump had surprisingly decided to grant a break from certain tariffs for 90 days. However, he went to China with additional hardness.

His back and forth in the tariffs and the resulting market fluctuations cause a lot of criticism-and raise questions about possible insider trading.