Beijing’s action comes after the White House announced 125% tariffs earlier in the week.
Chinese authorities have announced an increase in tariffs on American goods entering China, raising them from 84% to 125%. According to officials in Beijing, no further increases in import duties will occur, regardless of future actions by Washington.
On Wednesday, US President Donald Trump increased tariffs on Chinese goods to 125% as a countermeasure to Beijing’s previous protectionist economic policies.
Trump emphasized that the higher tariffs aim to make China understand that *“exploiting the USA and other countries is no longer sustainable or acceptable.”*
The Chinese State Council’s Customs Tariff Commission announced in a statement on Friday that tariffs on US goods will be raised to 125%, effective Saturday, as a response to Trump’s announced duties.
“Given that US goods exported to China are unlikely to be accepted by the market at the current tariff level, China will disregard any future US tariffs on Chinese goods exported to the US,” the statement declared.
The commission also criticized Trump’s “unusually high tariffs” on Chinese products, describing them as “unilateral bullying and coercion.” They asserted that the US president’s action was “a severe breach of international economic and trade regulations, as well as fundamental economic principles and common sense.”