In the illustration taken on April 10, 2025, the U.S. and Chinese flags can be seen along with the “125% tariff” label.
Ruvic Date | Reuters
China Customs Commission said in a Customs Commission statement On Friday.
“Even if the United States continues to impose higher tariffs, this will no longer be economical and will become a joke in the history of the world’s economics,” CNBC translator said.
“With the current level of tariff rates, there is no longer a market for importing goods into China’s commodity markets.
The Trump administration confirmed to CNBC on Thursday that U.S. tariff rates for U.S. imports now effectively total 145%.
hope The United States that resolves trade tensions – China Agreement has disappeared Rapidly, as Beijing suffered trade duties last week with widespread restrictions on U.S. goods and U.S. businesses.
Goldman Sachs cuts on Thursday China’s GDP forecast Given U.S. trade tensions and slower global growth, to 4%.
Goldman Sachs analysts said that although China’s exports to the United States account for only three percentage points of China’s total GDP, they still have a significant impact on employment. They estimate that about 10 million to 20 million workers in China are involved in the export business in the United States.
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