US President Donald Trump’s tariff war is causing disturbance worldwide. On April 2, Trump in his announcement imposed preference mutual tariffs on 180 countries including China, in response to which China also imposed tariffs on the United States. Trump gave a clear warning to China about these charges. Now China has reacted to this warning.
America threatens China
Trump has clearly told China that if he does not remove the tariffs imposed on the US by April 8, then it will be imposed 50 percent of an additional tariff. Not only this, the talks on any meeting proposed by China will also be terminated with immediate effect. Now China has reacted to this issue, saying that we will not bow down to American pressure under any circumstances.
China has given a clear message that it is fully prepared to face the trade war. China on Monday accused the US of gaining economic dominance through protectionism and tariffs. Chinese Foreign Ministry spokesman Lynn Gian said that prioritizing the US, ignoring international rules, is an example of protectionism and economic glory.
How much tariff on China?
It is important to note that on April 2, Trump imposed 34 percent tariff on China. When the current tariffs are applicable, the tariff rate on all Chinese imports in the US will exceed 54 percent. In response, China on Friday announced a 34 percent tariff on all American imports. Not only this, China also announced a ban on the export of rare minerals and the ban on trade of some American companies. These new American tariffs will be effective from April 9.
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