Beijing has escalated its trade war with the U.S. by increasing tariffs on U.S. imports to 125%, directly countering President Trump's hike of duties on Chinese goods to 145%. This retaliatory move is part of an ongoing trade conflict threatening global supply chains. China criticized the U.S. tariffs as unilateral bullying, asserting they violate international trade rules. While Beijing hinted at ceasing direct tariff matching in the future, it left open the possibility for other forms of retaliation. Both nations appear entrenched, with neither side willing to back down amidst rising economic tensions.
"The U.S. imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion."
"Even if the U.S. continues to impose even higher tariffs, it would no longer have any economic significance and would go down as a joke in the history of world economics."
"In a true sense he's been a friend of mine for a long period of time, and I think that we'll end up working out something that's very good for both countries."
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