China has increased retaliatory tariffs on US imports from 84% to 125%, the Council of State’s tariff commission said in a statement on Friday (11).
Beijing seemed to indicate that he would not increase his rates on American products and 125%, according to a statement from a Ministry of Commerce spokesman.
“The successive imposition of excessively high tariffs on China by the US has become nothing more than a game of numbers, without real economic significance. This only exposes the American practice of using tariffs as a weapon for intimidation and coercion, becoming a joke,” said the spokesman.
“If the US insists on continuing this game of tariff numbers, China will not be involved. However, if the US persists in substantially harming China’s interests, China will take counterclaim and fight to the end.”
Chinese Ministry of Trade
Resposta de Xi Jinping
China’s president, Xi Jinping, said on Friday (11) that his country “is not afraid,” in his first public commentary on.
“There are no winners in a trade war, and going against the world will only lead to self-assurance,” Xi Spanish Prime Minister Pedro Sanchez told Beijing, according to state station CCTV.
“For over 70 years, China’s development has been based on self -sufficiency and hard work – never on alms of third parties, and it fears no unfair repression,” said the Chinese leader.
“Regardless of how the external environment changes, China will remain confident, focused and focus on managing their own subjects well,” he added.
(With information from CNN)
*Update
