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Chinese President Xi Jinping visits the closing of the third session of the 14th National People’s Congress (NPC) in the Great Hall of People on March 11, 2025 in Beijing, China.
Linto Zhang | Gets the image
China again pushed the US President Donald Trump tariff policy, leaving the US imports by more than 80%.
Tariffs on American goods that are included announcement. The hike goes in response to the last increase in tariffs for the Chinese tariff to more than 100%, which began at midnight.
The repeated escalation of tariffs threatens to stop trading between the two most important economies of the world. As depending on Office of the US Trade RepresentativeThe US exported $ 143.5 billion to China in 2024, while importing $ 438.9 billion.
Last week, Trump administration announced a widespread new tariff policy and warned other countries. Some countries, including Japan, seemed ready to agree on tariffs, but it seems that China takes a tougher position and quickly announced the high school.
After the initial reaction of China to the deployment of tariffs on April 2, Trump announced an additional campaign by 50%, putting a total level of taxes on the import of Chinese goods in 104%.
“I think it is a pity that the Chinese don’t really want to come and negotiate because they are the worst violators of the international trade system,” China said on Wednesday after the last statement of China. “They have the most unbalanced economy in the history of the modern world, and I can tell you that this escalation has lost for them.”
The US has already imposed new tariffs on China before it launched a full trade policy in April. China, along with Canada and Mexico, was affected by new beatings earlier in Trump’s presidency within what the administration says it is an effort to make an effort to Stop fentanyl from the entrance to the US
It seems that in the trade war, investors around the world were frightened, as in April they made sharply in the markets of world shares. The S&P 500 finished almost 20% of its peak on Tuesday, putting the leading US market in the bear market. South Korea The Kospi index plunged into the bear Own Wednesday. Reserves in Shanghai and Hong Kong are also dramatically decreasing since the announcement of the US tariffs on April 2.
