China raises stakes in the Trump tariff game with 125 % tax on American goods | Business and Economics News

Beijing is Washington’s challenge to the World Trade Organization, saying that the Trump administration blames the global economic “turmoil”.

China has announced that it will raise the definitions of all US commodities to 125 percent, more Deepening the trade war Among the largest economy in the world.

“The United States’s imposition of highly high definitions on China is seriously violating international trade rules, basic economic laws and a proper sense.”

The statement said that the new tax will enter into force on Saturday.

China and the United States were involved in a tariff war, as US President Donald Trump imposed more customs tariffs on Beijing earlier this week, even when he was a tariff on other countries after the American market reaction was negatively to the decision.

Trump’s global tariff for China is now 145 percent. When it was announced on Wednesday that China faced 125 percent of the tariff, which did not include a 20 percent tariff for China, which is linked to its role in the production of fentanel.

Meanwhile, the Chinese Ministry of Commerce announced that it will file a new lawsuit for the World Trade Organization (the World Trade Organization) that challenge American definitions, adding that the United States is responsible for the global economic “turmoil” launched by Trump.

Washington drawings “The current global economy, global markets and multilateral trading systems suffer from serious shocks and severe disturbances,” said a ministry spokesman. “The United States must bear full responsibility for this.”

The ministry urged the United States to “take a big step forward to eliminate the so -called” mutual definitions “and correct its wrong practices completely.

A spokesman for “the United States, which raises alternately the customs tariffs, is abnormally on China, which has become a game of numbers, which has no practical economic importance, and will become a joke in the history of the global economy.”

The spokesman added: “However, if the United States insists on continuing to violate the interests of China, then China will face firmly and struggle to the end,” the spokesman added.

“Very strong” phrases

Katrina Yu, which was informed of Beijing, described data from Chinese officials as “very strong”.

But our correspondent also indicated that Beijing came “outside the slope” for the dialogue with Trump, noting that China “is still open to consultation.”

“However, threats and pressure are not the way. So China says it has an open door,” she said. “But it seems that the Trump administration has always continued to impose these high definitions, which Beijing considers to be coercive, this is not continuing for a real dialogue and the possibility of a real agreement.”

Karl Wreckwist, a professor at Georgetown University in Qatar, told the island that he is expected to raise the trade war between China and the United States to inflate quickly.

He explained that consumers in the United States may have already rushed to buy goods even before the customs duties become valid, which leads to the increase in demand and leads to an increase in prices.