China retaliates against the last Donald Trump tariffand All American products, while describing the actions of the “joke” administration and said it no longer considers it worth equalizing them.
Beijing will raise tariffs on all US goods from 84% to 125% from April 12, As the Ministry of Finance reported on Friday, after the White House clarified that the levies on Chinese products increased to 145% this year.
“Since US products are no longer commercialized in China with current tariff types, if the US returns to tariffs on Chinese exports, China will ignore such measures,” according to the statement.
With tariffs at levels that will now stop most of the trade between the world’s greatest economies, The concern now is that the economic struggle can extend to other areas of the relationship. Trump and XI are engaged in a pulse on who will act first to lower the tension: Trump has said that He is “waiting” for a call from Beijing, while Chinese officials have repeatedly said that they are open to negotiations, but will not be intimidated to speak.
In a separate statement on Friday, the Ministry of Commerce said that the repeated use of Washington of excessively high tariffs has become little more than a game Dand numbers, economically meaningless and revealing its use of tariffs as a tool for intimidation and coercion. “It has become a joke,” said the ministry.
China also warned that “it will contribute resolutely and fight until the end” if the US substantially violates their rights and interests. He also said that the United States should assume all responsibility for damages caused by tariffs.
The futures of the S&500 index fell along with the European stock markets after China’s announcement, while the futures of the Hang Seng China Enterprises index cut their profits. The dollar also extended the descents, leading to the Bloomberg index of the American currency to a setback of more than 1% in the day.
