‘Won’t pay attention’ anymore to Trump tariffs, says China, after raising levies on US imports to 125%
Beijing’s announcement comes after Trump administration increased reciprocal tariffs on Chinese imports to 145%
ISTANBUL
Signaling a pause on its side, China on Friday said it will no longer “pay attention” to trade moves by the Trump administration after raising tariffs on all US imports to 125%, state media reported.
“China will lift the additional tariffs on products imported from the US to 125% from 84%, effective from April 12,” said the State Council Customs Tariff Commission.
“Given that there is no longer any possibility of market acceptance for US goods exported to China under the current tariff levels, if the US side subsequently continues to impose tariffs on Chinese goods exported to the US, the Chinese side will pay no attention to it,” the commission added.
The tariff war initiated by the US President Donald Trump has rocked global markets. He has raised tariffs on Chinese goods to 145%, claiming Beijing was “abusing” trade practices with the US.
Neither of the world’s top two economies has backed down and there is no immediate relief in sight.
However, Beijing’s announcement that it will not “pay attention” to any further hike in US tariffs indicates China has paused any further action its side.
China has also filed a fresh lawsuit with the World Trade Organization against the Trump administration's latest tariff hikes, according to the country's Commerce Ministry.
