China raises tariffs on U.S. imports to 125%

Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump’s decision to hike duties on Chinese goods to 145%, IPN reports.

“The application of abnormally increased tariffs by the U.S. on China seriously violates international and economic trade rules, basic economic laws and common sense, and amounts to completely unilateral harassment and coercion,” China’s finance ministry was quoted as saying by Reuters.

Washington exported €12 billion in goods to China in 2024, representing 21 percent of the state’s total goods exports last year, according to the Office of the United States Trade Representative.

Photo source: shutterstock.com


The National Agency for Energy Regulation will examine on Friday the request from Energocom regarding the increase in natural gas prices. The subject was included on the agenda of the ANRE meeting on July 24, reports IPN.

Energocom has requested an increase in the regulated price for consumers connected to low-pressure distribution networks from 13.35 lei to 19.37 lei per cubic meter, excluding VAT.

The request is motivated by the increase in natural gas procurement costs, against the backdrop of geopolitical tensions in the Middle East and the volatility of international markets. According to Energocom, these have generated an estimated tariff deficit of around 106 million lei.

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China raises tariffs on U.S. imports to 125%

Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump’s decision to hike duties on Chinese goods to 145%, IPN reports.

“The application of abnormally increased tariffs by the U.S. on China seriously violates international and economic trade rules, basic economic laws and common sense, and amounts to completely unilateral harassment and coercion,” China’s finance ministry was quoted as saying by Reuters.

Washington exported €12 billion in goods to China in 2024, representing 21 percent of the state’s total goods exports last year, according to the Office of the United States Trade Representative.

Photo source: shutterstock.com





1 IANUARIE, 2025
1 IANUARIE, 2025