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Fox Business
Fox Business
9 Apr 2025


The tariff tit-for-tat between the U.S. and China escalated again Wednesday, with President Donald Trump saying that he is immediately raising the tariffs on Chinese goods to 125% over Beijing’s "lack of respect" toward America, while pausing and lowering reciprocal tariffs on other countries.

"At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable," Trump posted on his Truth Social media platform.

Trump speaks at an NRCC event

U.S. President Donald Trump attends the National Republican Congressional Committee (NRCC) dinner at the National Building Museum in Washington, D.C., April 8, 2025.  (REUTERS/Nathan Howard / Reuters)

This is a breaking news story; check back for updates.