world economy in 2025

U.S. Hikes Tariffs on Chinese Imports to 145%, Triggers Market Downturn

Date: April 11, 2025
Author: DayNight 24hr News Desk

          The United States has significantly raised tariffs on a wide range of Chinese imports, pushing the new tariff rate to a staggering 145%. The move is seen as part of Washington’s ongoing strategy to pressure Beijing over trade imbalances and intellectual property concerns.

The sharp increase in tariffs has already sent ripples through global financial markets. Wall Street reacted swiftly, with major indices slipping into the red. The Dow Jones Industrial Average, Nasdaq, and S&P 500 all closed lower on the day of the announcement.

Market analysts say the rise in tariffs has reignited fears of a prolonged U.S.-China trade conflict, which could hamper global economic recovery. Investors are growing increasingly cautious amid uncertainty over how Beijing will respond.

This latest decision marks one of the highest tariff increases in recent years and could have a wide-ranging impact on industries relying on Chinese goods — from electronics to automotive components.

While the U.S. government argues the measure is essential to protect domestic industries and reduce reliance on foreign supply chains, critics warn it may lead to higher consumer prices and increased strain on diplomatic relations between the two economic giants.

What’s Next?

Economists are closely watching China’s response, as any retaliatory actions could further destabilize global trade dynamics.

Meanwhile, American businesses are urging policymakers to consider the broader economic implications.