Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
On this illustration, made on April 10, 2025, they are visible in this illustration, made on April 10, 2025.
Date of Ruvi | Reuters
On Friday, China avenged against the mutual tariffs of US President Donald Trump, raising its fees to US goods to 125% with 84%, according to A. statement From the Customs Commission of the State Council.
“Even if the United States continues to introduce higher tariffs, it will no longer have economic meaning and become a joke in the history of the world economy,” the CNBC translation said.
“With tariff tariffs at the current level, there is no longer a market for US goods imported into China,” the statement said, adding that “if the US government continues to increase tariffs for Chinese goods exported to the US, China will ignore.”
On Thursday, Trump administration confirmed CNBC that the tariff for Chinese imports is currently 145%.
Hope on The American transaction on the settlement of trade tensions faded Soon as Beijing, during the last week it affects the US goods and extensive restrictions on US business.
“It is a pity that the Chinese actually do not want to come and negotiate because they are the worst offenders in the international trading system,” US finance minister Scott Babye said on Wednesday on Wednesday after Chinese tariffs up to 84%.
“They have the most unbalanced economy in the history of the modern world, and I can tell you that this escalation has lost to them,” the infant said.
Goldman Sachs on Thursday cut it China’s GDP’s prognosis up to 4% given the dragging tension to the US and slower global growth.
While Chinese exports to the United States are only about 3 percentage points of China’s total GDP, there is still a significant impact on employment, Goldman Sachs analysts said. It is estimated that about 10 million to 20 million workers in China are involved in the US export.
This is conducting the news. Please update updates.
