In a spectacular escalation of trade tensions, China announced a price of 84% on all imports from the United States, from April 10, 2025, according to the Ministry of Finance of the People’s Republic of China.
This decision comes in direct response to the United States increasing its own prices on Chinese exports by 34% to 84% one day earlier.
The Council of State’s tariff commission, under the Chinese Ministry of Finance, described American actions as “unilateralism” and “economic intimidation”, accusing Washington of violating international trade rules and compromising global economic stability.
Citing national laws and international principles, China has stressed its legal basis for reprisals, urging the United States to cancel what it called “bad practices” and return to the negotiation table.
This tariff war marks a new hollow in American-Chinese trade relations, the two parties now imposing almost prohibitive prices on the goods of each other. The global markets reacted quickly to the news – Bitcoin (BTC), often considered as coverage against geopolitical disorders, fell under $ 76,000.
