China said on Friday, April 11th, that it would raise tariffs on U.S. goods to 125%, further deepening a trade war between the world’s two largest economies.
“The U.S.’s imposition of abnormally high tariffs on China seriously violates international trade rules, basic economic laws and common sense,” Beijing’s State Council Tariff Commission said in a statement shared by the finance ministry, adding that the new levy comes into effect on Saturday.
Earlier Chinese President Xi Jinping urged the European Union to join hands with Beijing in resisting “unilateral bullying,” in reference to tariffs imposed by U.S. President Donald Trump.
“China and Europe should fulfil their international responsibilities… and jointly resist unilateral bullying practices,” Xi said.
This, he stressed, would not only “safeguard their own legitimate rights and interests, but also… safeguard international fairness and justice.”
On Wednesday, Donald Trump abruptly halted tariffs on most countries, announcing a 90-day reprieve for most U.S. trading partners, while raising levies on China to 125%.
