Jinping : Following US President Donald Trump’s tariff hike to 145%, China upped its duty on US products to 125% from 84% on Friday. China announced that its additional tariffs will go into force on Saturday. According to the Chinese Commerce Ministry, Beijing has also filed a dispute with the WTO in response to US tariff hikes.
Jinping replied with 84% duties
Previously, China replied with 84% duties and limitations on some US film imports, citing a desire to engage in negotiations with Washington to settle the matter. China is notable for being the only country to retaliate against Trump’s tariffs.
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On Wednesday, Trump authorized a 90-day delay in his broad tariffs on most countries, with the exception of China, which faces a 125% duty on Chinese exports. The 125 percent levy rises to 145 percent, up from 20 percent earlier this year, citing Beijing’s alleged involvement in the fentanyl supply chain.
Meanwhile, as the US applies further tariffs, China has begun to reach out to other countries in an apparent attempt to establish a united front to force Washington to backtrack.
China has refused to negotiate, stating it will “fight to the end” in a tariff war, forcing Trump to raise the tax rate on Chinese imports to 125%.
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