China’s Finance Ministry said Friday the country would raise tariffs on all U.S. imports from its previously stated 84% to 125%.
The State Council Tariff Commission said the tariff increase would be the last change China would make.
“Given that, at the current tariff level, there is no market acceptance for U.S. goods exported to China,” the commission said, “if the U.S. continues to impose tariffs on Chinese goods exported to the U.S., China will ignore it.”
The higher tariffs on U.S. imports begin Saturday.
The commission said the U.S. imposition of “abnormally high” tariffs violates economic and trade rules, basic economic laws and common sense.
The commission said the move “is completely a unilateral bullying and coercion.”
A new report Friday found consumers’ sentiment continues to sour. The University of Michigan survey found consumer sentiment down 10.9% from March to 50.8. The index is benchmarked to 1966, where a level above 100 indicates sentiment is more optimistic than in 1966.
The index has now fallen for four consecutive months. A year ago, the index registered a 77.2 level, 34.2% higher than the April 2025 reading.
