China dates back to 125 % of the customs tariffs on American goods, starting from April 12

On Friday, China took revenge on the mutual tariff for US President Donald Trump by raising its fees on American goods to 125 % of 84 %, according to statement From the customs tariff committee in the State Council.

“Even if the United States continues to impose a higher tariff, this will not be logical and will become a joke in the history of the global economy,” the statement said.

“With the customs tariff rates at the present level, there is no longer a market for American goods imported to China, adding that” if the US government continues to increase the customs tariff for China, Beijing will ignore, “the statement said.

The Trump administration told CNBC on Thursday that the average American tariff for Chinese imports is now 145 %.

Hopes for The United States of Chinese deal to solve trade tensions faded Quickly, as Beijing was back again last week with a dream duties for American goods and wide restrictions on American companies.

“It is unfortunate that the Chinese in reality do not want to come and negotiate, because they are the worst criminals in the international commercial system,” said US Treasury Secretary Scott Beesente on Wednesday after China raised China’s tariff to 84 %.

“They have an unanimous economy in the history of the modern world, and I can tell you that this escalation is a loser for them,” Pesin said.

Goldman Sachs cut on Thursday China GDP expectations To 4 % gave clouds from American trade tensions and global growth slower.

Goldman Sachs said that while Chinese exports to the United States are only about 3 degrees Celsius of GDP in China, there is still a major impact on employment. They estimate that about 10 million to 20 million workers in China are involved in export companies in the United States.

On Friday, China repeated that it would continue to “the anti -package and fighting attack to the end” if the United States continues to violate China’s interests.

The White House did not immediately respond to the CNBC request for comment.

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