China's Retaliatory Tariffs

In a bold move on Friday, China escalated its trade war with the United States by imposing a 125% tariff on US goods. This decision came as a direct response to the White House's additional tariff increase on Chinese imports, marking a significant escalation in the ongoing trade dispute between the two economic giants.

International Trade Rules Violated

China's Finance Ministry criticized the US actions, stating, "The U.S. imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense." The ministry described the move as "completely unilateral bullying and coercion," highlighting the growing tensions in international trade relations.