China Raises US Tariffs to 125%, Seeks EU Support Against Trump's Trade Policies

In response to the recent escalation of tariffs by the U.S. government, which have reached 145% on certain Chinese imports, Chinese President Xi Jinping has called for European Union support against what he described as 'unilateral bullying.' This appeal signals China's attempt to form a coalition to counter the U.S. tariffs, which have prompted Beijing to increase its own tariffs on U.S. goods from 84% to 125%. The rising tensions have led to fears of a prolonged trade war, with President Trump asserting his commitment to fair treatment for American industries while Treasury Secretary Scott Bessent warned China against retaliation. Despite these developments, many countries, including India and Australia, have hesitated to align with Beijing. The situation is further compounded by market instability, leading to a strategic pause in tariffs for most nations, except China. Both sides remain firm, with Trump suggesting a possible deal while China vows to 'fight to the end' in the trade conflict.