China’s finance ministry on Friday, April 11, announced that it has raised additional tariffs on US goods from 84 per cent to 125 per cent.
“The U.S. imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion,” the Chinese finance ministry was quoted by Reuters as saying.
“If the US insists on continuing to infringe upon China’s interests in a substantive way, China will resolutely take countermeasures and fight to the end,” the ministry said.
“If the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore it,” the Chinese finance ministry added.
