China hits back at US with 125pc tariffs

Andrew Tillett, Jonathan Shapiro and Cecile Lefort

Apr 11, 2025 – 7.07pm

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Prime Minister Anthony Albanese is being urged to hold the line on offering concessions to Donald Trump in return for tariff relief to avoid a flood of similar demands from other trading partners as China fired the latest shot in the rapidly escalating global trade war late Friday.

China’s Finance Ministry said it would raise tariffs on US goods from 84 per cent to 125 per cent from Saturday after Trump confirmed the cumulative duties on Chinese goods had hit 145 per cent.

Andrew Tillett writes on politics, foreign affairs, defence and security from the Canberra press gallery.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.

Cecile Lefort is a markets reporter based in the Sydney newsroom.