'Will Ignore': China On Donald Trump's 245% Tariff Threat
US said China's total duties include the latest reciprocal tariff of 125%, a 20% tariff to address fentanyl crisis, and tariffs of between 7.5% and 100% on specific goods.
China has reacted to the White House's threat of imposing tariffs of up to 245 per cent on the import of goods into the United States. The Chinese Foreign Ministry said the excessively high tariffs on China have degenerated into a "numbers game, which no longer has any practical economic significance".
"It only further exposes the US tricks of using tariffs as a tool and weapon for bullying and coercion," it said as per Global Times.
China said tariff and trade wars have no winner.
"China does not want to fight these wars but is not afraid of them. If the US continues its tariff "numbers game", China will ignore it. If the US insists on continuing to substantively infringe upon China’s rights and interests, China’s response will continue to the end," the ministry added.
China Faces 245% Tariff
The White House said China's total duties include the latest reciprocal tariff of 125%, a 20% tariff to address the fentanyl crisis, and tariffs of between 7.5% and 100% on specific goods to address unfair trade practices.
The baseline tariff rate on Chinese imports to the US remains 145%. Amid the tariff war, China filed a complaint with the World Trade Organization. It expressed "grave concern" over US tariffs and accused the nation of violating the global trade body's rules.
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