The White House warned on April 15 that Chinese exports could face tariffs up to 245%, accusing China of "retaliation" in the trade war. China's Commerce Ministry dismissed the move as a "meaningless numbers game," vowing to ignore symbolic hikes but retaliate if U.S. actions "substantially harm Chinese interests."
The U.S. did not specify targeted goods, but the threat escalates tensions amid existing tariffs on US$370 billion of Chinese products. China has countered with tariffs on U.S. agriculture and rare earth controls, calling U.S. tactics "economic coercion."
Analysts warn extreme tariffs risk inflating costs for U.S. consumers and destabilizing global supply chains, with both sides showing no signs of backing down.
Related News:
1-minute News | NBS: US 'reciprocal tariffs' not to change general trend of China's economy
US leverages global tariff talks to pressure nations against trade with China: WSJ
Comment