Beijing (AP) – China announced on Friday that it will increase tariffs on US goods from 84% to 125%, the last save in an intensive commercial war between the two largest economies in the world that has shaken the markets and increased the phrases of a global lot.
While the president of the United States, Donald Trump, stopped import taxes this week for other countries, raised tariffs on China and now add up to 145%. China has denounced politics as “economic harassment” and promised countermeasures. The new rates begin on Saturday.
The repeated measurement of Washington rates “will become a joke in the history of the world economy,” said a spokesman for the Chinese finances ministry in a statement announcing the new rates. “However, if the United States insists on continuing to infringe the interests of China, China will counteract and fight until the end.”
The China Ministry of Commerce said it would file another lawsuit with the World Trade Organization against US Tariffs.
Trump’s Against Measures have caused alarm in stock and bond markets and have addressed some that the United States could go to a recession. There was some relief when Trump stopped tariffs for most countries, but concerns remain since the United States and China are number 1 and not in the world. 2 economies, respectively.
The commercial war between the United States and China “could seriously damage the global economic perspective,” said WTO chief Ngozi Okonjo-Iweala, earlier this week.
Chinese Tariffs Will Affect Goods Like Soybeans, Aircrafts and Their Parts and Drugs – All Among The Country’s Major Imports From The Us Beijing, Meanwhile, Suspended Sorghum, Poultry and Bonemeal Imports from American Company Company Compan They competed company company Companerie Companerie Companian Compannerie Companerian Companerie Companerie Compannerian Companerie Company Companion Companion Companion Companion Companion Company Companeria Companeria Companeria Companeria Companeria Companeria Companerian American Companos American Company Company Minerals, criticism for several technologies.
Meanwhile, the main imports of the United States of China include electronics, such as computers and cell phones, industrial equipment and toys, and it is likely that consumers and companies see prices increasing in these products, with tariffs now to 145%.
Trump announced Wednesday that China would face 125% tariffs, but did not include a 20% rate in China linked to its role in fentanyl production.
White House officials expect import taxes to create more raised works by returning production to the United States, a political risk compensation that could take years to materialize, if they do.
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This story has been updated to correct the attribution of the appointment on the elevation tariffs of the United States to a spokesman for the Ministry of Finance spokesman, not from the Ministry of Commerce.
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