• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
China Hikes Tariffs on US Goods to 125% In Retaliation

China Hikes Tariffs on US Goods to 125% In Retaliation

April 11, 2025
IDF Reclaims American-Israeli Couple’s Bodies From Hamas

IDF Reclaims American-Israeli Couple’s Bodies From Hamas

June 5, 2025
John Kennedy Tells ‘Morning Joe’ He Can’t ‘Understand’ Where Howard Lutnick Is Coming From On Tariffs

John Kennedy Tells ‘Morning Joe’ He Can’t ‘Understand’ Where Howard Lutnick Is Coming From On Tariffs

June 5, 2025
Charlamagne Blasts Black Dem Voters Over Being ‘Blindly Loyal And Obedient For No Damn Reason’

Charlamagne Blasts Black Dem Voters Over Being ‘Blindly Loyal And Obedient For No Damn Reason’

June 5, 2025
‘Never Going To Get Them Back’: Dem Party’s Efforts To Win Back Male Voters Are Doomed, Its Own Strategists Say

‘Never Going To Get Them Back’: Dem Party’s Efforts To Win Back Male Voters Are Doomed, Its Own Strategists Say

June 5, 2025
JASON LEWIS: Who’s The Real Racist?

JASON LEWIS: Who’s The Real Racist?

June 5, 2025
Trump Will Slash VOA Staff To Just 18 People, Leaked Letter Reveals

Trump Will Slash VOA Staff To Just 18 People, Leaked Letter Reveals

June 5, 2025
‘Saying Things That Were Not True’: Peter Doocy Reacts To Former Jousting Partner KJP’s Book Announcement

‘Saying Things That Were Not True’: Peter Doocy Reacts To Former Jousting Partner KJP’s Book Announcement

June 5, 2025
Supreme Court Kills Mexico’s Lawsuit Against American Gun Makers

Supreme Court Kills Mexico’s Lawsuit Against American Gun Makers

June 5, 2025
Trump Admin Reportedly Pulls Plug On Key Rockets To Ukraine, Redirects Equipment To US Forces

Trump Admin Reportedly Pulls Plug On Key Rockets To Ukraine, Redirects Equipment To US Forces

June 5, 2025
‘Radical Leftist’: Byron Donalds Brushes Off Never Trumper Ex-GOP Rep Running For FL Gov As Dem

‘Radical Leftist’: Byron Donalds Brushes Off Never Trumper Ex-GOP Rep Running For FL Gov As Dem

June 5, 2025
Supreme Court Rules Wisconsin Violated Catholic Org’s First Amendment Rights

Supreme Court Rules Wisconsin Violated Catholic Org’s First Amendment Rights

June 5, 2025
Texas Links Arms With DOJ To Strike Down Law Granting Cheaper College Tuition To Illegal Immigrants

Texas Links Arms With DOJ To Strike Down Law Granting Cheaper College Tuition To Illegal Immigrants

June 5, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Thursday, June 5, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

China Hikes Tariffs on US Goods to 125% In Retaliation

by Andrew Powell
April 11, 2025 at 7:58 pm
in News
250 2
0
China Hikes Tariffs on US Goods to 125% In Retaliation

Chinese President Xi Jinping speaks during a bilateral meeting with Spanish Prime Minister Pedro Sanchez at Diaoyutai Guest House in Beijing on April 11, 2025. (Photo by Andres MARTINEZ CASARES / POOL / AFP) (Photo by ANDRES MARTINEZ CASARES/POOL/AFP via Getty Images)

491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

China hiked retaliatory tariffs on U.S. goods Friday to 125% from 84% after President Donald Trump recently raised tariffs on Chinese goods to 125%.

According to CNBC News, the Chinese Finance Ministry said if the U.S. continues to raise tariffs, it will no longer make economic sense.

“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the ministry said in a statement.

“With tariff rates at the current level, there is no longer a market for U.S. goods imported into China,” the statement said, adding “if the U.S. government continues to increase tariffs on China, Beijing will ignore.”

Zhiwei Zhang, president and chief economist at Pinpoint Asset Management said the move spells the end to the tariff escalation as both countries have sent each other clear messages.

“This is the end of the escalation in terms of bilateral tariff rates. Both China and the US have sent clear messages, there is no point of raising tariffs further,” Zhang said.

Zhang noted that the step would be evaluating economic damage to both the U.S. and China but added that currently there are no signs either country will relent.

A spokesperson from China’s Commerce Ministry said in a separate statement Friday that China is willing to negotiate from the U.S. if it is on equal footing.

U.S. Treasury Secretary Scott Bessent told Fox Business on Wednesday that China doesn’t want to negotiate, after Beijing raised tariffs to 84%.

“It’s unfortunate that the Chinese actually don’t want to come and negotiate, because they are the worst offenders in the international trading system,” Bessent said. “They have the most imbalanced economy in the history of the modern world, and I can tell you that this escalation is a loser for them.”

When asked about the tariffs on Friday, Chinese Foreign Ministry spokesperson Lin Jian said there are no winners.

“China has repeatedly stated its solemn position on the tariff issue,” Lin said. “Tariff and trade wars have no winner. China does not want to fight these wars but is not scared of them. Let me stress that if the U.S. truly wants to resolve the issue through dialogue and negotiation, it should stop maximum pressure and capricious and destructive behavior.”

“This never works with China,” Lin added. “For any dialogue to happen, they must be based on equality, respect and mutual benefit. If the U.S. is determined to fight a tariff and trade war, China’s response will continue to the end.”

Lin added that China is “responsible” and has taken measures against the “bullying” tactics of the U.S.

“China is a responsible country,” Lin said. “We’ve taken countermeasures against the bullying behavior of the U.S., not only to safeguard our legitimate rights and interests, but also to uphold international rules and order, the common interests of countries in the world, and international fairness and justice. In the face of U.S. hegemony and bullying, remember this: give the bully an inch, he will take a mile.”

Tags: politicsU.S. News
Share196Tweet123
Andrew Powell

Andrew Powell

IJR, Contributor Writer

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th