China announces increase in tariffs on all US goods to 125% - South China Morning Post
China is significantly raising duties on American goods from 84% to 125% starting April 12 in response to the trade measures of the Donald Trump administration.
This was reported by the Ministry of Finance of the country, Censor.NET informs with reference to the South China Morning Post.
"This measure was taken after US President Donald Trump raised duties on goods from China," the report said.
Beijing also said that it would not respond to further US actions if Washington decides to impose new duties on Chinese products.
"Given that the market no longer has the ability to accept American goods exported to China at current tariff levels, if the US side subsequently continues to impose duties on Chinese goods exported to the US, the Chinese side will not pay attention to this," the Chinese Ministry of Finance said.
As a reminder, on April 10, US President Donald Trump raised duties against China to 145%.
Trump imposed tariffs
As a reminder, Trump signed a decree imposing a minimum 10 percent tariff on almost all goods entering the United States. For some countries, the tariffs are higher. In particular, China - 34%, the European Union - 20%.
Later it became known that Trump had declared a state of emergency in the country's economy.
The U.S. tariffs also affected Ukraine, with the U.S. imposing 10 percent duties on its goods.
China has announced that it will impose 34 percent duties on all American goods in response.
At the same time, the Ministry of Economy of Ukraine believes that there are chances to negotiate other terms of trade with the United States. In addition, Minister of Economy Yulia Svyrydenko assured that the US duty would not affect the exchange rate or food prices in Ukraine.
