China On Friday, he announced that the hike to the tariff for American imports from 84% to 125%.
This step is the last escalation of a permanent trade war between the US and China.
China noted that it has taken a step in response to raising tariffs in the United States, but said it did not plan to avenge any potential additional tariffs in the United States.
Chinese President Xi Jinping shakes his hand with President Donald Trump before a bilateral meeting on the G20 Summit in Japan in Osaki, in June 2019. (Brendan Smialowski/AFP/Getty Images/Getty Images)
“The introduction of abnormally high tariffs in China seriously violates international economic and trade rules, as well as violates basic economic laws and common sense. This is a completely unilateral deal and forced practice,” the country said.
“Given that at the current tariff level there is no reception to the market exported to China when the United States continues to introduce additional tariffs for Chinese goods exported to the US, China will ignore it.”
This is a devastating story and will be updated
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2025-04-11 08:45:00
