China Hit Hard as Trump Unleashes Tariff Hike

Apr 10, 2025 Khushi Kumari

U.S. President Donald Trump increases tariffs on Chinese imports to 125%, citing China's lack of respect for global markets

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While targeting China, Trump announces a 90-day suspension of higher tariffs on other trading partners to facilitate negotiations

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Facing pressure from business leaders and investors amid market instability, Trump adjusts his tariff strategy

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In response to U.S. tariffs, China raises duties on American goods to 84%, affecting key industries like agriculture and automobiles

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Sectors such as aerospace and semiconductors face significant challenges due to escalating tariffs and trade barriers

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Despite the general pause, tariffs on pharmaceutical products persist, highlighting targeted trade measures

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International Monetary Fund warns that U.S. tariffs pose significant risks to the global economy amid slow growth

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