Trump tariffs: US president raises taxes on China to 125 percent

United States President Donald Trump has announced he will raise tariffs against China to 125 percent, in a rapidly escalating trade war that has seen China already retaliate with 84 percent tariffs, effective April 10. Trump has also sought to reward countries that negotiated in the wake of his latest round of tariffs, which took effect at 12:01am EST on Wednesday (04:01 GMT). He offered a 90-day pause and a lowered reciprocal tariffs of 10 percent to other countries outside of China, which sent markets surging after days of slumping numbers. China’s Finance Ministry says the US’s escalation of tariffs is a “mistake on top of a mistake”, and the European Union says it approved “trade countermeasures” that will go into effect on April 15. Al Jazeera’s Mike Hanna joins us live from Washington, DC to discuss the latest developments. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #UnitedStates #DonaldTrump #ReciprocalTariffs #TrumpTariffs #TradeWar #Tariffs #ChinaUSTradeWar #China #ChinaTariffs #TrumpEconomicPolicy #AlJazeeraEnglish