China will increase tariffs on American goods to 125%.

in #news11 months ago

China's Finance Ministry on Friday announced that it would increase tariffs on all American goods by 84%, which would be effective with "unusually high tariffs on China", April 12, 2025, "on China".
The Chinese Finance Ministry said that the US growth of tariffs on Chinese goods is a mistake that seriously violates China's valid rights and interests and reduces rules-based multilateral trade systems.

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The new tariff rate of 125% shows China's determination that it is the United States that unilaterally unilaterally unilaterally assumes unilaterally as a bullying and force.
The statement also suggested that this may be a final stage in Beijing's tight-to-tariff, "At the current tariff level, there is no market acceptance for American goods exported to China".

During a meeting with the Spanish Prime Minister, Chinese President Xi Jinping invited the European Union to oppose the "bullying" and jointly to work with China to maintain economic globalization and international trade environment.
The move is part of a clear campaign for trade with other professional partners and Americans, which is part of a clear campaign to unbalance the impact of war.

The Chinese government has also banned the import of Hollywood films and placed 18 American companies on trade ban lists as part of its comprehensive strategy to retaliate against American tariffs.
Despite these measures, China's door is open to communication, but it insists that such dialogues should be based on mutual respect.

The American tariff stagnation declared by President Trump does not apply to the duties paid by Canada and Mexico, whose goods are still subject to 25% of fennel-related tariffs, unless they follow the rules of origin of the US-Maxico-Canada Trade Agreement.

The growth of tariffs between the two countries has expressed concern about the economic impact on both both countries and the global economy. Some markets continued on Friday, about 5%with shares of Nikkei and Hong Kong in Japan, the biggest weekly decline since 2008.

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