In a notice published on the People’s Republic of China’s Ministry of Finance website on April 11, 2025, the State Council Tariff Commission announced an increased retaliatory tariff rate of 125%.
On April 4, 2025, the Chinese government announced a 34% additional duty on goods imported from the United States. This rate was later raised to 84% in retaliation for President Trump's reciprocal tariff increase on goods imported from China on April 9, 2025. This latest increase is matching the increased reciprocal tariff rate that the United States put on goods from China, Hong Kong, and Macau on April 10, 2025.
The Ministry of Finance stated that at this 125% tariff rate on U.S. goods, there is “no market acceptance for US goods exported to China” and that if the U.S. “continues to impose tariffs on Chinese goods exported to the US, China will ignore it.”
The announcement from China’s Ministry of Finance can be found here:
https://gss.mof.gov.cn/gzdt/zhengcefabu/202504/t20250411_3961823.htm