Editor's PiCK
White House: "China Faces Tariffs Up to 245% as Retaliation"...Chinese Media Calls It "Ridiculous"
Summary
- The White House announced that tariffs on Chinese imports could be imposed up to 245%.
- In response, China announced a 125% tariff on U.S. imports, stating they will ignore future U.S. tariff increases.
- Chinese media called the U.S. tariff policy 'ridiculous' and stated that China will face it bravely.
The White House has announced tariffs on Chinese imports up to 245%. In response, Chinese media called it ridiculous.
On the 15th (local time), the White House stated on its official website, "China faces import tariffs up to 245% as a result of retaliatory actions."
This announcement comes five days after stating on the 10th (local time) that the tariff rate on Chinese imports, including fentanyl tariffs, was 145%, marking a 100% increase. However, the White House has not yet released a separate statement on this.
In response, Chinese media called it ridiculous. New Tang Dynasty Television, a social media account affiliated with China's Xinhua News Agency, said, "It's ridiculous," and added, "If it's a disaster necessary for China's development, we must face it bravely."
Meanwhile, on the 11th (local time), China's State Council announced a 125% tariff on U.S. imports, stating, "No matter how high the U.S. raises tariffs, we will now ignore it."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
