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China to raise tariffs on select US imports from 84% to 125% on April 12.
Move seen as retaliation to US tariff hikes on Chinese goods.
Potential ripple effects on global trade and steel market competitiveness.
In a sharp escalation of the ongoing trade dispute, China will increase tariffs on certain American goods from 84% to a steep 125% starting April 12, according to Chinese media reports. The move is widely seen as a direct retaliation to the recent 104% tariff hike imposed by the US on Chinese electric vehicles and steel imports.
The tariff hike will affect a wide range of US products, making them significantly more expensive in the Chinese market. This includes items such as automobiles, agricultural produce, and certain steel products — all of which are crucial to US exports.
Analysts warn this could further disrupt global trade flows, especially at a time when geopolitical uncertainty is already weighing heavily on global supply chains. Industries across Asia, including India’s steel sector, are expected to watch these developments closely as price competitiveness and trade alignment may shift rapidly.
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