BEIJING (AP) — China announced countermeasures on Friday, raising tariffs on U.S. goods from 84% to 125% starting Saturday.
The U.S. and China have escalated trade war by raising tariffs even as U.S. President Donald Trump hit a pause on tariffs for other countries.
Trump’s universal tariffs on China total 145%. When Trump announced Wednesday that China faced 125% tariffs, he did not include a 20% tariff on China tied to its role in fentanyl production.
“The U.S. alternately raising abnormally high tariffs on China has become a numbers game, which has no practical economic significance, and will become a joke in the history of the world economy,” a Commerce Ministry spokesman said in a statement announcing the countermeasure. “However, if the US insists on continuing to substantially infringe on China’s interests, China will resolutely counter and fight to the end.”
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China’s Commerce Ministry said it was filing another lawsuit with the World Trade Organization on the raising of U.S. tariffs.