{"id":110,"date":"2025-04-11T11:31:43","date_gmt":"2025-04-11T11:31:43","guid":{"rendered":"http:\/\/www.soapandseife.com\/?p=110"},"modified":"2025-04-12T23:26:05","modified_gmt":"2025-04-12T23:26:05","slug":"china-hits-back-at-us-and-will-raise-tariffs-on-american-goods-from-84-to-125","status":"publish","type":"post","link":"http:\/\/www.soapandseife.com\/index.php\/2025\/04\/11\/china-hits-back-at-us-and-will-raise-tariffs-on-american-goods-from-84-to-125\/","title":{"rendered":"China hits back at US and will raise tariffs on American goods from 84% to 125%"},"content":{"rendered":"

BEIJING (AP) \u2014\u00a0China<\/a>\u00a0announced Friday that it will raise tariffs on U.S. goods from 84% to 125% \u2014 the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown.<\/p>\n

While U.S. President Donald Trump\u00a0paused import taxes this week<\/a>\u00a0for other countries, he raised tariffs on China and they now total 145%. China has denounced the policy as \u201ceconomic bullying” and promised countermeasures. The new tariffs begin Saturday.<\/p>\n

Washington’s repeated raising of tariffs \u201cwill become a joke in the history of the world economy,\u201d a Chinese Finance Ministry spokesman said in a statement announcing the new tariffs. \u201cHowever, if the U.S. insists on continuing to substantially infringe on China\u2019s interests, China will resolutely counter and fight to the end.\u201d<\/p>\n

\"A
A giant billboard promotes Made in China goods at the Yiwu International Trade Market in Yiwu, eastern China\u2019s Zhejiang province on Thursday, April 10, 2025. (AP Photo\/Ng Han Guan)<\/figcaption><\/figure>\n

China\u2019s Commerce Ministry said it would file another lawsuit with the World Trade Organization against the U.S. tariffs.<\/p>\n

\u201cThere are no winners in a tariff war,\u201d Chinese leader Xi Jinping said during a meeting with the Spanish Prime Minister Pedro Sanchez, according to a readout from state broadcaster CCTV. \u201cFor more than 70 years, China has always relied on itself … and hard work for development, never relying on favors from anyone, and not fearing any unreasonable suppression.\u201d<\/p>\n

Chinese Foreign Minister Wang Yi on Friday said China stands firm against Trump\u2019s tariffs not only to defend its own rights and interests but also to \u201csafeguard the common interests of the international community to ensure that humanity is not dragged back into a jungle world where might makes right.\u201d<\/p>\n

Wang made the remarks when he met Rafael Mariano Grossi, director general of the International Atomic Energy Agency in Beijing. Wang said China will \u201cwork together with other countries to jointly resist all retrogressive actions in the world.\u201d<\/p>\n