Starting April 12, China raises its import tariffs on US goods from 84% to 125%. This decision comes in response to recent tariff measures by Washington.
China's Tariff Increase
China's Customs Tariff Commission announced an increase in tariffs on US imports to 125% after the US decided to raise tariffs on Chinese goods to 145%. The statement argues that the US actions violate international trade norms and economic reason.
Xi Jinping's Diplomatic Efforts
President Xi Jinping is actively working to strengthen diplomatic ties with other nations. He met with Spanish Prime Minister Pedro Sánchez, expressing hope for a joint response to 'unilateral pressure' from the US. Xi stressed the need to uphold international trade rules.
International Reaction to the Trade War
Chinese officials are negotiating with various countries to promote trade with China as an alternative to the US. However, the Japanese government is already assembling a task force to negotiate with the US regarding tariff increases. Meanwhile, several Asian nations are preparing measures to curb tariff evasion practices.
The trade war between the US and China continues to escalate, with both countries taking steps to protect their economic interests. In this context, international partners are seeking balanced solutions to address current trade disputes.
