China raises tariffs to 125% in escalation of trade war with US

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

On Friday, China raised tariffs on goods imported from the United States to 125 percent, responding directly to President Donald Trump’s move to increase levies on Chinese products to 145 percent.

This escalation has intensified the ongoing trade conflict, which poses a serious risk to global supply chains.

The tariff hike followed continued pressure from the U.S. government on China, which remains the second-largest economy in the world and a major supplier of goods to the U.S. While similar duties on many other nations have been suspended, China was specifically targeted for additional increases.

“The US imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion,” China’s Finance Ministry said in a statement.

The U.S. had previously announced that the total tariffs placed on Chinese imports under the Trump administration have now reached 145 percent.

For further information on sport secret and greatest sport icon click here

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.