China says it will not pay attention to Trump’s ‘tariff numbers’ Trade war news

The comments of Beijing come after the White House, says Chinese exports could face the duties to 245 percent.

The Chinese Foreign Ministry announced that it would not pay attention to the President of the United States “Tariff numbers” after the White House proposed Chinese export faced with tariffs of up to 245 percent.

The White House revealed the latest tariff rates in the fact earlier this week.

The fact includes Trump Tariff of 125 percent and earlier 20 percent of the tariff imposed in the alleged request of Beijing in the Suppression of Fentanil Exports in the United States, as well as 100 percent of the 1974 trade law.

Peking remarks on Thursday, they echoed last week by the Ministry of Finance, describing the Trump’s escalating tariffs as “joke”, because they no longer “no economic significance.”

Chinese tariffs on American goods stand at 125 percent, but Beijing also took over other non-tariffs, including limiting the release of Hollywood films.

Economists said that Trump tariffs, if they were not alleviated, stops stopping in most trade between the United States and China due to excessive increase in costs.

The World Trade Organization said that he expects the volume of global trafficking by 0.2 percent in 2025. in current conditions – or “nearly three percentage points below” from a low tariff scenario.

The impact of the Trump’s “reciprocal tariffs”, of which most paused by July could lead to “even a sharper decline in the least developed countries,” said the export-oriented least developed countries, “said evaluable to evicted.

The UN trade and development (UNCTAD) has also revised the prediction for global growth from 2.5 percent, 2.3 percent in 2025. years, noting in its assessment that growth below the threshold of 2.5 percent is often signaling a global recession.