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Trade war: China slaps 125 pc tariffs on US, Xi asks EU to 'jointly resist' America
The Political and Business Daily
|April 12, 2025
CHINA on Friday upped its additional tariff on US goods to 125 per cent, retaliating to America's 145 per cent levy even as President Xi Jinping urged the European Union to “jointly resist the unilateral bullying" by Washington.
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China, however, left the door open for talks between the world's two top economies as the tariff war between them continued. China's Foreign Ministry said any dialogue must be based “on equality and mutual respect”.
Beijing also indicated that if the US hikes its tariffs further, “China will ignore it”.
China's Customs Tariff Commission said higher tariffs by the US would no longer make any sense and go down as a “joke” in the world's economic history.
Dit verhaal komt uit de April 12, 2025-editie van The Political and Business Daily.
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