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China retaliated against Donald Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching.
Beijing will raise tariffs on all US goods from 84% to 125% starting April 12, the Ministry of Finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year.
“Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures,” according to the statement.
However, China warned that it will “resolutely counterattack and fight to the end” if the US continues to infringe on its rights and interests. It also said America should take full responsibility for the damage caused by the tariffs.
Tensions between Beijing and Washington have spiraled beyond tit-for-tat tariff exchanges in recent days to impact services and people-to-people ties. Chinese authorities on Thursday moved to cut the number of American films allowed in theaters. Officials also warned citizens against traveling to the US and cautioned students about security risks in “certain states.”
The US and China now trade about $700 billion worth of goods each year. Without a deal to ease tensions, the higher tariffs will mean consumers and businesses on both sides are likely to face rising costs, as they scramble to adjust supply chains and reduce their tariff exposure.
So far, China has refused to cave to Trump’s pressure even as soaring duties are expected to weigh on the economy, with Goldman Sachs Group Inc. economists cutting their 2025 growth forecast to 4% from 4.5%.
President Xi Jinping on Friday made his first public remarks on the escalating trade war, saying China remains confident and unafraid of any “unjustified suppression.”
“One that goes against the world risks being isolated themselves,” Xi told visiting Spanish Prime Minister Pedro Sanchez.
Reaffirming China’s stance that there are no winners in a tariff war, Xi added that the country’s development has never relied on the goodwill of others. “No matter how the external environment changes, China will stay confident, remain calm, and focus on managing its own affairs,” he said.
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So much winning.
I hope that when Trump removes his tariffs (we all know he’ll fold) China just fucking leaves them at 125% to cripple the nazi party.
It’s fucking crazy. I hate the CCP, but I’m now rooting for them to cripple Americas economy. Their authoritarian dystopia is preferable to the American nazi parties fascist idiocracy. At least the CCP value science and education. America is on the path to a dead-end death cult, guaranteed to result in ecological collapse.
You want to punish a small group of extremists with megaphones by punishing everyone, including the ones who tried to stop it?
I totally get your exhaustion with US politics, but please remember that people, like myself, don’t deserve to suffer even more because of this assclown.
Just hope that small group of extremists get what’s coming to them in the form of sickness and poverty.
Bonus points for the idiocracy comment, that is very much the vibe nowadays.
The only winning move was not to elect him. Trump is going to try his damnest to turn us all into sweatshop workers or balkanize us or both. He hates America for prosecuting him. The little people like you and I have already been stepped on and crushed. Its just a delayed lurch.
Maybe next time they’ll learn not to vote for nazis. Doing nothing would reward them. Also yes, did you forgot that their president is trying to invade Canada and Greenland FFS?
Next month: US and China tariffs raised to 100bajillion%. One guy buys an off-brand Pokemon plushie on Amazon and the entire world economy crashes.
This dumb fuck is going to cause a shooting war
Hopefully with himself
“My tariff is bigger!”
“Actually, mine is bigger.”
“Oh yeah? Mine is bigger times infinity!”
At this point, could he please just cut the asinine correlation and whip out his dick already?
No, in the name of God, No! Shall the mushroom pp never see the light of day.
What’s the likelihood of China and trump starting this tariff war to put shell companies in Russia and reroute all goods through it?
