China has responded to United States’ “reciprocal tariffs” by raising its additional tariffs on US goods from 84 percent to 125 percent, effective Saturday, according to an online notice issued by the Customs Tariff Commission of the State Council, China’s Cabinet, on Friday.
The commission said that, given current tariff levels have rendered US exports to China commercially unviable, China will no longer respond to any additional tariff increases the US may impose on Chinese goods.
A spokesperson from the Ministry of Commerce said if the US continues to play its tariff numbers game, China will not respond. However, if the US insists on taking actions that infringe upon China’s legitimate interests, China will resolutely counter and will not hesitate to fight to the end.
China has noted that, under pressure from China and other parties, the US has temporarily delayed the imposition of excessive “reciprocal tariffs” on certain trading partners, said the ministry official in a statement.
However, this represents little more than a symbolic gesture and does not alter the fundamental nature of the US approach – leveraging trade coercion to pursue its own interests, said the spokesperson.
The US’ repeated imposition of excessively tariffs on Chinese goods has devolved into a numbers game. These measures have lost economic relevance and only further expose the US’ tendency to weaponize tariffs as tools of coercion and economic bullying – actions that risk turning it into an international laughingstock, the spokesperson added.
-source: CHINA DAILY
