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China Announces Retaliatory 125 Percent Tariffs on US Goods

China Announces Retaliatory 125 Percent Tariffs on US Goods

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China has imposed a 125% tariff on American goods in response to the US raising tariffs on Chinese imports to 145%. China's state council tariff commission confirmed that the new duties will take effect on Saturday, with Beijing dismissing Trump's actions as a "joke" and a "numbers game".

Chinese Commerce Ministry
1. The successive imposition of excessively high tariffs on China by the US has become nothing more than a numbers game, with no real economic significance. It merely further exposes the US practice of weaponizing tariffs as a tool of bullying and coercion, turning itself into a joke.
He Yongqian
Chinese Commerce Ministry
1. We hope the US will meet China halfway, and, based on the principles of mutual respect, peaceful coexistence and win-win cooperation, properly resolve differences through dialogue and consultation.
Xi Jinping
Chinese Communist Party
1. China and Europe should fulfil their international responsibilities... and jointly resist unilateral bullying practices.
2. If the US insists on continuing this numbers game with tariffs, China will not engage. However, if the US persists in substantively harming China's interests, China will resolutely take countermeasures and fight to the end.
3. There are no winners in a trade war, and going against the world will only lead to self-isolation.
4. China and the EU should fulfil their international responsibilities, jointly safeguard the trend of economic globalisation and the international trade environment, and jointly oppose unilateral acts of bullying.
5. For over 70 years, China's development has relied on self-reliance and hard work — never on handouts from others.
6. Regardless of how the external environment changes, China will remain confident, stay focused, and concentrate on managing its own affairs well.
Lin Jian
Chinese Ministry of Foreign Affairs
1. There are no winners in tariff wars or trade wars. China does not want to engage in such wars, but we are not afraid to do so.
Jörg Kukies
Social Democratic Party
1. It is quite conceivable that the whole thing could escalate again after 90 days.
Emmanuel Macron
Renaissance
1. With the European Commission, we must show ourselves as strong: Europe must continue to work on all the necessary counter-measures.
2. Fragile, because this 90-day pause means 90 days of uncertainty for all our businesses, on both sides of the Atlantic and beyond.
Ngozi Okonjo-Iweala
World Trade Organization
1. Our preliminary projections suggest that merchandise trade between these two economies could decrease by as much as 80 percent.
Donald Trump
Republican Party
1. If we can't make the deal we want to make... then we'd go back to where we were.
2. We are doing really well on our TARIFF POLICY. Very exciting for America, and the World!!! It is moving along quickly.
3. They weren't fair to the United States. They were sucking us dry. And you can't do that.
4. A deal's going to be made with China. A deal's going to be made with every one of them [other countries].