U.S. and Chinese flags and a “125% tariffs” label are seen in this illustration taken April 10, 2025.
Dado Ruvic | Reuters
China on Friday retaliated against U.S. President Donald Trump’s reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, according to a statement from the Customs Tariff Commission of the State Council.
“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the statement said, according to a CNBC translation.
“With tariff rates at the current level, there is no longer a market for U.S. goods imported into China,” the statement said, adding that “if the…