View of the Chinese Ministry of Commerce on 31 March 2025 in Beijing, China.© VCG/VCG via Getty Images
China compared the U.S. tariff policy to a "digital game" without applicable importance after US president Donald Trump's administration imposed many rounds of customs on Chinese imports over the past fewer weeks.
In a message of Friday, the Chinese government accused Washington of utilizing customs as a weapon to intimidate and coercion, while responding to its own common trade duties."Even if the US continues to impose even higher tariffs, it will no longer have any economical importance and will go into planet economical past as a joke" said the spokesperson for the Ministry of Commerce, quoted by Reuters.The USA imposed 4 large tariff increases on China in just over 2 months, and the last escalation on Wednesday caused an increase in duties from an first average of 20% to a cumulative rate of 145%.China responded by announcing on Friday its last common rise to 125% on all American imported goods.The Ministry of Trade stated that Beijing would no longer respond, indicating that it could turn to another responses and promising "fight to the end".Trump claims increased duties are needed to resolve trade imbalances and halt China from "U.S. fraud".At the beginning of this week, he expressed his opinion that ‘sudden’ The Chinese will gotta "at any point make a deal".China besides filed a suit with the planet Trade Organisation, questioning the fresh US tariff increase, claiming that Washington's actions importantly disrupted the global economy.The trade dispute between the 2 world's largest economies has caused utmost volatility on global stock exchanges, led oil prices to four-year minima and sparked concerns about global supply chains.
Translated by Google Translator
source:https://www.rt.com/news/615629-china-us-tariff-numbers-game/
