China will increase tariffs on all goods from the United States of America from April 12 from 84% to 125%. This was reported by Bloomberg, reports UNN.
Details
The decision was made by the Ministry of Finance of the People's Republic of China. This happened after President Donald Trump raised US tariffs on Chinese goods. The Ministry of Finance of China added that Beijing will continue to ignore tariffs from the United States on its products.
If the United States continues to impose tariffs on Chinese goods exported to the United States, the Chinese side will not pay attention to it.
Recall
US President Donald Trump said on Wednesday, April 9, that he had authorized a 90-day pause on the introduction of new US tariffs and raised them to 125% for China due to "lack of respect."
At the same time, American media, citing a White House representative, reported that Trump's latest decree increased tariffs to 125%, but there is already a 20% tariff on fentanyl.