China's Bold Move in Trade War

In a significant escalation of the trade conflict, the Chinese Finance Ministry announced on Friday an increase in tariffs on goods imported from the United States from 84% to 125%. This decision comes as a direct response to the Trump administration's imposition of a 145% tariff on Chinese exports.

Effective Date and Economic Implications

The new tariffs are set to take effect at midnight local time on April 12. The ministry criticized the US measures, stating, "Even if the US continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of the world economy."

China's Stance on Future Tariffs

Beijing has made it clear that if Washington persists in imposing tariffs on Chinese goods, it will choose to ignore them, highlighting the diminishing market acceptance for US goods in China at the current tariff levels.