What Trump Said About China Tariffs This Week

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.

With tariffs at levels now set to halt most all trade between the world’s biggest economies, the concern now is that the economic fight could spill into other areas of the relationship. Trump and Xi are locked in a standoff over who will move to deescalate first: Trump has said he’s “waiting” for a call from Beijing, while Chinese officials have repeatedly said they’re open to negotiations but won’t be bullied into talking.

Read more: https://www.bloomberg.com/news/articl...

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