China rejects US 'numbers game' on tariffs
China has characterized the United States' tariff strategy as akin to a "numbers game" lacking any real significance, following multiple rounds of tariffs imposed by the administration of U.S. President Donald Trump on Chinese imports in recent...
TroibNews 
China has characterized the United States' tariff strategy as akin to a "numbers game" lacking any real significance, following multiple rounds of tariffs imposed by the administration of U.S. President Donald Trump on Chinese imports in recent weeks.
In a statement released on Friday, the Chinese government accused Washington of wielding tariffs as tools for bullying and coercion, responding with its own trade duties in kind.
"Even if the US continues to impose even higher tariffs, it would no longer have any economic significance and would go down as a joke in the history of world economics," a spokesman for the Ministry of Commerce remarked, as noted by Reuters.
Within a span of just over two months, the U.S. has enacted four significant tariff increases on China, the most recent of which escalated the average duties from an initial 20% to a cumulative rate of 145%.
In response, China announced a reciprocal tariff hike on Friday, raising duties on all American imports to 125%.
The Ministry of Commerce indicated that Beijing does not plan to retaliate further, suggesting a shift towards alternative forms of response and affirming their commitment to "fight to the end."
Trump has maintained that these increased tariffs are necessary to rectify trade imbalances and prevent China from "ripping off the USA." Earlier this week, he suggested that the "proud" Chinese would eventually need to "make a deal at some point."
Additionally, China has taken legal action by filing a lawsuit with the World Trade Organization, contesting the latest U.S. tariff escalation and claiming that Washington's measures have significantly disrupted the global economy.
The ongoing trade conflict between the two largest economies in the world has led to extreme volatility in global stock markets, driven oil prices to four-year lows, and raised concerns about global supply chains.
Ramin Sohrabi for TROIB News
In a statement released on Friday, the Chinese government accused Washington of wielding tariffs as tools for bullying and coercion, responding with its own trade duties in kind.
"Even if the US continues to impose even higher tariffs, it would no longer have any economic significance and would go down as a joke in the history of world economics," a spokesman for the Ministry of Commerce remarked, as noted by Reuters.
Within a span of just over two months, the U.S. has enacted four significant tariff increases on China, the most recent of which escalated the average duties from an initial 20% to a cumulative rate of 145%.
In response, China announced a reciprocal tariff hike on Friday, raising duties on all American imports to 125%.
The Ministry of Commerce indicated that Beijing does not plan to retaliate further, suggesting a shift towards alternative forms of response and affirming their commitment to "fight to the end."
Trump has maintained that these increased tariffs are necessary to rectify trade imbalances and prevent China from "ripping off the USA." Earlier this week, he suggested that the "proud" Chinese would eventually need to "make a deal at some point."
Additionally, China has taken legal action by filing a lawsuit with the World Trade Organization, contesting the latest U.S. tariff escalation and claiming that Washington's measures have significantly disrupted the global economy.
The ongoing trade conflict between the two largest economies in the world has led to extreme volatility in global stock markets, driven oil prices to four-year lows, and raised concerns about global supply chains.
Ramin Sohrabi for TROIB News
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