China retaliates against US by imposing 125% tariffs
Beijing’s recent decision is a reaction to the 125% tariffs announced by the White House earlier this week. Chinese officials have stated that the country will increase tariffs on American goods from 84% to 125%. They also indicated that no...
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Beijing’s recent decision is a reaction to the 125% tariffs announced by the White House earlier this week.
Chinese officials have stated that the country will increase tariffs on American goods from 84% to 125%. They also indicated that no further hikes in import duties would occur regardless of Washington’s subsequent actions.
On Wednesday, U.S. President Donald Trump raised tariffs on Chinese goods to 125% in retaliation to measures taken by Beijing in response to previous protectionist policies from Washington.
Trump emphasized that the heightened duties aim to make China recognize that “ripping off the USA and other countries is no longer sustainable or acceptable.”
In a statement released on Friday, the Customs Tariff Commission of the Chinese State Council announced that tariffs on American products would be increased, reaching 125% beginning Saturday as a direct counter to the tariffs Trump had announced.
The statement further noted, “In view of the fact that under the current tariff level, there is no possibility of market acceptance of US goods exported to China, if the US side continues to impose tariffs on Chinese goods exported to the US in the future, the Chinese side will ignore it.”
Moreover, the commission criticized Trump’s “abnormally high tariffs” on Chinese imports as “unilateral bullying and coercion,” asserting that the U.S. president's actions constituted “a serious violation of international economic and trade rules, as well as of basic economic laws and common sense.”
Following Trump’s announcement of broad tariffs, which led to a significant decline in U.S. stock prices last week, he declared a 90-day pause on reciprocal duties for U.S. trading partners, lowering them to a 10% baseline.
China became one of the few exceptions, with tariffs against it being further escalated. According to White House officials referenced in media reports, the 25% tariffs will also remain in effect for car manufacturers and steel and aluminum producers in Mexico and Canada.
Frederick R Cook for TROIB News
Chinese officials have stated that the country will increase tariffs on American goods from 84% to 125%. They also indicated that no further hikes in import duties would occur regardless of Washington’s subsequent actions.
On Wednesday, U.S. President Donald Trump raised tariffs on Chinese goods to 125% in retaliation to measures taken by Beijing in response to previous protectionist policies from Washington.
Trump emphasized that the heightened duties aim to make China recognize that “ripping off the USA and other countries is no longer sustainable or acceptable.”
In a statement released on Friday, the Customs Tariff Commission of the Chinese State Council announced that tariffs on American products would be increased, reaching 125% beginning Saturday as a direct counter to the tariffs Trump had announced.
The statement further noted, “In view of the fact that under the current tariff level, there is no possibility of market acceptance of US goods exported to China, if the US side continues to impose tariffs on Chinese goods exported to the US in the future, the Chinese side will ignore it.”
Moreover, the commission criticized Trump’s “abnormally high tariffs” on Chinese imports as “unilateral bullying and coercion,” asserting that the U.S. president's actions constituted “a serious violation of international economic and trade rules, as well as of basic economic laws and common sense.”
Following Trump’s announcement of broad tariffs, which led to a significant decline in U.S. stock prices last week, he declared a 90-day pause on reciprocal duties for U.S. trading partners, lowering them to a 10% baseline.
China became one of the few exceptions, with tariffs against it being further escalated. According to White House officials referenced in media reports, the 25% tariffs will also remain in effect for car manufacturers and steel and aluminum producers in Mexico and Canada.
Frederick R Cook for TROIB News
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