China retaliated against Donald Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching.
Beijing will raise tariffs on all US goods from 84% to 125% starting April 12, the Ministry of Finance said on Friday, after the White House clarified that levies on Chinese goods rose to 145% this year.
“Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures,” according to the statement.
However, China warned that it will “resolutely counterattack and fight to the end” if the US continues to infringe on its rights and interests. It also said America should take full responsibility for the damage caused by the tariffs.
Tensions between Beijing and Washington have spiraled beyond tit-for-tat tariff exchanges in recent days to impact services and people-to-people ties. Chinese authorities on Thursday moved to cut the number of American films allowed in theaters. Officials also warned citizens against traveling to the US and cautioned students about security risks in “certain states.”
The US and China now trade about $700 billion worth of goods each year. Without a deal to ease tensions, the higher tariffs will mean consumers and businesses on both sides are likely to face rising costs, as they scramble to adjust supply chains and reduce their tariff exposure.
So far, China has refused to cave to Trump’s pressure even as soaring duties are expected to weigh on the economy, with Goldman Sachs Group Inc. economists cutting their 2025 growth forecast to 4% from 4.5%.
President Xi Jinping on Friday made his first public remarks on the escalating trade war, saying China remains confident and unafraid of any “unjustified suppression.”
“One that goes against the world risks being isolated themselves,” Xi told visiting Spanish Prime Minister Pedro Sanchez.
Reaffirming China’s stance that there are no winners in a tariff war, Xi added that the country’s development has never relied on the goodwill of others. “No matter how the external environment changes, China will stay confident, remain calm, and focus on managing its own affairs,” he said.
So much winning.
I hope that when Trump removes his tariffs (we all know he’ll fold) China just fucking leaves them at 125% to cripple the nazi party.
It’s fucking crazy. I hate the CCP, but I’m now rooting for them to cripple Americas economy. Their authoritarian dystopia is preferable to the American nazi parties fascist idiocracy. At least the CCP value science and education. America is on the path to a dead-end death cult, guaranteed to result in ecological collapse.
Their authoritarian dystopia is preferable to the American nazi parties fascist idiocracy
No, it really isn’t. Neither is preferable. The reason why the American system seems incredibly bad right now is because everyone in the West is accustomed to the kind of liberty we’ve enjoyed for a long time. So when that changes we see the contrast around us very sharply.
But don’t kid yourself that China is better. In fact, the Chinese system is the direction that America is heading towards and starting to emulate.
People in China can’t even say a single negative word against Xi, and if they do it online whatever they post gets deleted within minutes and the person gets a knock at the door, often not being heard from ever again.
And that’s simply not the case in the US currently. Sure you get the news story about people being turned away at the border for having said something about Trump online, or getting locked up by ICE for a few months (that’s an insane reality, don’t get me wrong). But ultimately these people are the exception… for now.
At least the CCP value science and education.
The German Nazis also valued Science and education. That doesn’t mean anything in the long run.
ps: I know someone will accuse me of violating Godwin’s law here, but it’s literally relevant since we’re talking about actual Nazis
“Given that American goods are no longer marketable in China under the current tariff rates, if the US further raises tariffs on Chinese exports, China will disregard such measures,”
China just casually saying “You are already irrelevant to us now, so have fun, because we dont care anymore.”
Basically dropping a hint that American goods are just not very competitive.
Sure but can you put a value on all the vacations the executives took by outsourcing our production? Won’t someone think of the private jets?!
Next month: US and China tariffs raised to 100bajillion%. One guy buys an off-brand Pokemon plushie on Amazon and the entire world economy crashes.
This dumb fuck is going to cause a shooting war
Hopefully with himself
IM THE BEST AT SELF INFLICTED WOUNDS, MANY PEOPLE ARE SAYING IT!!!
“My tariff is bigger!”
“Actually, mine is bigger.”
“Oh yeah? Mine is bigger times infinity!”
At this point, could he please just cut the asinine correlation and whip out his dick already?
No, in the name of God, No! Shall the mushroom pp never see the light of day.
The one time he’s happy with the size of his hands is when they’re gripping his flaccid, withered member and making it look big (or bigger, anyway) by comparison.
We truly live in the best (funniest) timeline.
What’s the likelihood of China and trump starting this tariff war to put shell companies in Russia and reroute all goods through it?
I don’t see any of that happening. The amount of money we’re talking about here is insane. There’s no way you could hide that through shell companies. At that point might as well just start doing business with Russia again without any of these magic tricks.
Russia has not the port infrastructure china has. And that would take decades to build, if Russia can even afford it (it costs more money then they have).
