Trump’s universal tariffs on China total 145%. When Trump announced Wednesday that China faced 125% tariffs, he did not include a 20% tariff on China tied to its role in fentanyl production.
“The U.S. alternately raising abnormally high tariffs on China has become a numbers game, which has no practical economic significance, and will become a joke in the history of the world economy,” a Commerce Ministry spokesman said in a statement announcing the countermeasure. “However, if the US insists on continuing to substantially infringe on China’s interests, China will resolutely counter and fight to the end.”
China’s Commerce Ministry said it was filing another lawsuit with the World Trade Organization on the raising of U.S. tariffs.
(Photo by JIM WATSONPETER KLAUNZER/AFP/POOL/AFP via Getty Images)
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