China to increase tariffs on US goods to 125 percent
Beijing on Friday increased its tariffs on US imports to 125 percent, hitting back against US President Donald Trump’s decision to hike duties on Chinese goods to 145 percent, raising the stakes in a trade war that threatens to upend global supply chains.
The hike comes after the White House kept the pressure on the world’s No. 2 economy and second-biggest provider of US imports by singling it out for an additional tariff increase, having paused most of the “reciprocal” duties imposed on dozens of other countries.
“The US imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion,” China’s Finance Ministry said in a statement.
China’s mission to the World Trade Organization said it had filed an additional complaint to the trade body over US tariffs.
“On 10 April, the United States issued the Executive Order, announcing a further increase of the so-called ‘reciprocal tariff’ on Chinese products. China filed a WTO complaint against United States’ latest tariff measures,” the statement from China’s mission said, citing a ministry of commerce spokesperson.
