China Slaps 125% Tariff on US Goods in Escalating Trade War
In a significant escalation of the trade war between the two nations, China's Finance Ministry has announced that it will increase tariffs on US goods to 125% starting Saturday. This move comes in response to the US imposing what China describes as 'abnormally high' tariffs, which Beijing claims violate international trade rules and economic principles. The trade tensions between China and the US have been intensifying, with both countries engaging in a series of tit-for-tat tariff impositions. China's decision to hike tariffs is seen as a retaliatory measure aimed at protecting its economic interests and promoting fair trade practices. As the trade war continues to unfold, it remains to be seen how the US will respond to China's latest move, with potential implications for global trade and economic stability. Key issues at play include trade policy, tariff negotiations, and international trade agreements.
