China said Friday that tariffs on US goods were increasing from 84% to 125%, the last development in the growing commercial war between the two countries. He said that the highest rates would take effect on Saturday.
“The arbitrary imposition of the United States of abnormally high tariffs against China seriously violates international economic and commercial rules, ignores the global economic order after World War II built by the United States, and violates basic economic laws and common sense,” said a statement by the China Ministry of Finance that announces the tariffs.
The declaration called Rising Us Tariffs “A joke” and said it would not respond to future tariff walks of the United States.
“If the United States continues to impose higher rates, it will no longer make economic sense and will become a joke in the history of the world economy,” said China’s statement. “At the Current Tariff Level, There is no Market Acceptance for Us Goods Exported To China. If the us continues to play the tariff Subringely and Subringely and Subringuly and Subringely and Subringuly and Subringuly and Subringhaly and Subringhaly and Subringhaly and Subringhalia and Subingrade and Subingradly and Subrisillia and Instantily and Instantily and Substrolling and Substrolle and Substrolly and Subset and subset.
President Trump’s universal rates on China now totalize 145%, Associated Press reported. Trump did not include a 20% tariff linked to the country’s role in the production of fentanyl in its Higher announcement or rates In China earlier this week, said the AP.
China’s Ministry of Finance also said on Friday that he had filed another complaint with the World Trade Organization for American Tariffs, the Reuters news agency reported.
The three main indices of European shares, after the initial marginal profits, fell after China’s announcement.
“The risk of recession is much, much higher now than a couple of weeks ago,” Adam Hetts, world chief of multiple toilets at Janus Henderson, told Reuters.
Mr. Trump on Wednesday Froze “reciprocal rates” Ondosenses of countries for 90 days, while walking with levies on Chinese imports. The measure followed a five -day drop in global and American financial markets, with investors by sending a Clear message To the White House about his concerns about the direction of American commercial policy.
Market analysts said that Mr. Trump’s decision this week to suspend most rates suggests that he is willing to negotiate. But reducing the temperature with Beijing is likely to face obstacles given the growing commercial war between the two countries.
“The fact that China continues to retaliate in Child suggests that its leadership is less anxious to establish themselves,” analysts of the investment firm Capital Economics Todestores in a research note on Friday after the transfer of China to a tariff on the United States “them” Dyes “Pryiffy about the uses” The role of the rap of the use of the uses for something without costs.