Silver Rises Over 120% YTD 
China has matched President Trump’s 84% tariff increase with identical tariffs on US imports, escalating the trade war between the world’s two largest economies.
Total US tariffs on Chinese goods now exceed 104%, which China’s State Council called “a mistake upon mistake” that harms the global trading system.
Beyond tariffs, China has imposed export controls on 12 US companies, banned six US firms from trading or investing in China, and filed a WTO complaint.
Treasury Secretary Bessent dismissed these actions, arguing the trade war will hurt China more due to its export dependence on the US market.
