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The United States imposed 104% duties on China


Apríl, 09 2025
watermark Economic news

US President Donald Trump has imposed a new package of duties on imports of goods from dozens of countries around the world. These tariffs, which exceed the base rate of 10%, now range from 11% to 84% and cover exports from 86 countries. 


China suffered the most, where the cumulative tariff on exports to the United States reached 104%. Beijing criticized Washington's actions, calling them erroneous, and said it would increase duties from 34% to 84% for goods from the United States from April 10.


US stock indexes have been falling for the fourth day in a row since the announcement of new duties on April 2. Despite fears of a recession, the Trump administration continues to stick to its strategy. 


In the Asian region, the imposition of duties caused a wave of sales in the markets. The Indian Central Bank, reacting to the situation, lowered the key rate by 0.25%, bringing it to 6%. This happened against the background of an increase in duties on India's exports to 26%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.