China pledges decisive and productive countermeasures following activation of Trump's escalated 104% import taxes
Updated Tone:
Hold onto your hats, folks! The trade war between the U.S. and China just got heated as impossible-to-believe tariffs took effect.
China ain't happy with the 104% tariffs on their imports and vowed to employ "big guns" to protect their rights. Chinese Foreign Ministry spokesperson, Lin Jian, let loose at a press conference, calling out the U.S. for stupid tariffs and propaganda tactics, labeling their actions as "bullying" and "extreme pressure."
"If the Yanks keep pushing our buttons, we're going to war," said Lin, clenching his fist, "We'll fight till the bitter end!"
U.S. levies on Chinese goods increased by 34% on Wednesday as part of President Trump's "wacky" tariffs package. But Trump upped the ante, adding another 50% after Beijing stood their ground and threatened 34% retaliatory tariffs on U.S. goods by noon Tuesday.
In their Monday meeting, Trump said it felt like Christmas came early with the new tariffs, but it looks like China ain't wrapping it up just yet.
Beijing hasn't announced immediate retaliation against Trump's latest round, but regardless, there's no shortage of folks in China who are fuming. The message is clear: China's tired of the U.S.'s tricks and is ready to hit back hard.
Stay tuned for further updates in this nail-biting saga.
Enrichment Data
- Tariff Increase: China's retaliation includes increasing tariff rates on all U.S.-origin goods from 34% to 84%[1][2].
- Non-Tariff Measures: China's counterstrikes include expanded export controls on critical and rare earth minerals, additions to their Unreliable Entity List affecting U.S. companies, and suspensions of eligibility for certain U.S. companies to export agricultural products to China[1][4].
- Regulatory Actions: China has initiated or expanded regulatory investigations, including antitrust investigations against major U.S. technology companies[1][4].
- China, relentlessly safeguarding its business interests, may increase tariffs on all U.S.-origin goods from 34% to 84%, as a response to President Trump's latest tariffs increase.
- Jian, the Chinese Foreign Ministry spokesperson, has warned that the tariffs are not only unfair but also an act of bullying, and China, in retaliation, might employ non-tariff measures such as expanded export controls on critical and rare earth minerals.
- Amidst the escalating trade war, the U.S. should brace for the potential consequences, including the possibility of being added to China's Unreliable Entity List and the suspension of eligibility for certain U.S. companies to export agricultural products to China.
