President Donald Trump has asserted that his tariff policy is "doing really well," despite China's recent retaliation. On Friday, April 11, 2025, Trump posted on his social media platform, stating, "Very exciting for America, and the World!!! It is moving along quickly." ​

In response to the U.S. increasing tariffs on Chinese imports to 145%, China announced on April 11, 2025, that it would raise tariffs on all U.S. goods from 84% to 125%, effective April 12. This escalation has contributed to significant market volatility, with global markets experiencing substantial sell-offs. ​

These developments have raised concerns about a potential recession, as heightened tariffs strain international trade relationships and contribute to economic uncertainty.