US Raises Tariffs on Chinese Imports to 145%, Prompting Economic and Global Trade Concerns

The United States has significantly escalated its trade confrontation with China by raising tariffs on Chinese imports to an effective rate of 145%. The move, which marks a dramatic expansion of protectionist policies, has sparked widespread criticism from economists and international trade experts.

According to financial analysts, the latest increase is already having ripple effects across global markets. Wall Street saw notable declines, with the Dow Jones, Nasdaq, and S&P 500 all registering sharp losses following the announcement. Economists warn that these tariffs could lead to increased costs for American consumers, higher inflation, and supply chain disruptions that may negatively impact economic growth.

Several international observers and trade officials have expressed alarm over the decision. Chinese diplomats labeled the tariff hike as “short-sighted and harmful,” warning that the policy could trigger further retaliation and strain economic ties between the world’s two largest economies.

Critics within the United States, including senior economists and former trade advisors, have called the move a “self-inflicted wound,” pointing out that similar tariff increases in the past have failed to achieve long-term economic benefits. Experts estimate that the expanded tariffs could cost the U.S. economy billions annually and put thousands of jobs at risk.

China has hinted at potential countermeasures, including additional duties on American energy exports and agricultural goods. The Chinese Ministry of Commerce stated that it is evaluating all options to safeguard its national interests.

As trade tensions continue to rise, economists stress the importance of dialogue and diplomatic resolution to avoid a prolonged economic standoff. The global business community remains cautious, closely watching for any signs of negotiations or further escalation.