China said on Friday that it raised tariffs on U.S. goods from 84% to 125%, the latest development in the escalating trade war between the two countries. It said higher tariffs will take effect on Saturday.
“The alternately raising abnormal tariffs on China by the United States has become a digital game, which has no practical economic significance and will become a joke in the history of the world’s economics,” a spokesperson for the Ministry of Commerce said in a statement. “If the United States insists on continuing to infringe on China’s interests, China will fight back firmly and ultimately fight.”
President Trump’s general tariffs on China now total 145%, according to the Associated Press. The Associated Press said Mr. Trump did not include the 20% tariff related to the country’s role in fentanyl production in the news announced on Wednesday.
China’s Commerce Ministry also said on Friday that it had filed a complaint against U.S. tariffs to the World Trade Organization, Reuters reported.
According to Reuters, Chinese missionaries said: “On April 10, the United States issued an executive order announcing further increase in the so-called ‘mutual tariff’ of Chinese products.
