Beijingβs move is a response to the 125% duties announced by the White House earlier this week
China will raise tariffs on American goods coming into the country from 84% to 125%, officials in Beijing have said. There will be no further hikes of import duties no matter what Washington does next, they added.
On Wednesday, US President Donald Trump raised the tariffs on Chinese products to 125% in response to measures Beijing had imposed over Washingtonβs previous protectionist economic moves.
Trump stressed that the increased duties are intended to make China realize that βripping off the USA and other countries is no longer sustainable or acceptable.β
The Customs Tariff Commission of the Chinese State Council said in a statement on Friday that tariffs on US goods will be raised for the last time, to 125%, starting from Saturday in response to the duties announced by Trump.
Xi Jinping wants an EU-China tag team to resist Donald Trumpβs trade onslaught.https://t.co/PrdXOe8VsA
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