China increases tariff imports from US to 125% / day

« The United States is constantly introducing excessively high tariffs for China and has become a number of numbers that have no practical economic significance and will become a joke in the history of world economy, » said a spokesman for the Chinese Ministry of Commerce.

« However, if the United States insists on the violation of Chinese interests, China will react resolutely and fight to the end, » the spokesman added.

He also pointed out that in the event of raising the tariff for imports from China, Beijing’s tariff for imports from the US would no longer increase. Because the 125% tariff will make American products uncompetitive in the Chinese market.

The White House confirmed on Thursday that the tariff set by Trump imports was 145%.

It was previously reported that the tariff for imports from China was raised to 125%, but it still has to add 20% additional tariff at the beginning of the year, blaming Beijing for the Trump administration that it does not eliminate drugs fentanyl smuggling to the US.

Meanwhile, Trump said Wednesday that the introduction of increased customs tariffs was postponed for 90 days, setting a 10% basic rate for all countries except China.

A spokesman for the Chinese Ministry of Commerce on Friday said Trump had made this decision at pressure by China and other parties.