China Strikes Back with 125% Tariffs Amid Escalating US-China Trade War
In a sharp escalation of the ongoing trade tensions, China has imposed a sweeping 125% tariff on a wide range of U.S. goods, retaliating against the United States’ recent decision to levy 145% tariffs on Chinese imports. The move marks a significant deepening of the US-China trade war, with analysts warning of serious consequences for global supply chains and international commerce. Chinese President Xi Jinping issued a stern warning against unilateralism, calling for “global cooperation against bullying” and urging a shift toward mutual respect and dialogue. “China remains committed to win-win cooperation,” Xi stated, emphasizing that sustainable bilateral relations must be built on mutual trust and fairness. The International Trade Centre’s Executive Director, Pamela Coke-Hamilton, raised alarm over the growing risks to global trade, forecasting an 80% decline in US-China trade if tensions continue unabated. “With 40% of traded goods classified as intermediate products, ...