China takes vengeance with 125 percent tariff against American imports, says that more tariff by Trump will be a joke world news

Beijing: China on Friday continued its tight-for-tat move against the tariff of the Trump administration, which continued its additional Levities on imports from the US against the US duties, even raising interest in interaction with Washington. Announcing an additional 125 percent tariff, China’s Customs Tariff Commission said, “Even though the US imposes high tariffs, it is no longer an economic understanding and eventually goes down as a joke in world economic history.”
“Given the Chinese market already impossible to accept American imports at the current tariff level. If the United States puts further tariffs on Chinese products, China will ignore it,” it said.
However, should the US remain large extent in reducing China’s interests, the Beijing firm will take the counterers and fight to the end, the Commission said.
It said that China’s 125 percent of new tariffs against American imports will be effective from Saturday.
The announcement follows the US move to increase “mutual tariff” on Chinese imports. The US later confirmed that the total tariff on Chinese products was 145 percent, including 20 percent of the levy declared by Trump after assuming power in January this year.
Trump’s heavy tariff left China to wage a single fight as he stopped the tariff against all other countries.
Furthermore, similar to the previous tariff hike, China has filed a case against the US with the World Trade Organization (WTO) dispute settlement mechanism, said a spokesman for the Ministry of Chinese Commerce.
Slapping additional measures, China, however, kept its door open to negotiate to resolve the issue. Chinese Foreign Ministry spokesman Lynn Gian said on Friday that if the US really wants to resolve issues through dialogue and dialogue, it would have to stop its maximum pressure strategy and careless tasks.
China has made its position on the issue of tariffs many times. Lynn told a media briefing here, “There are no winners in tariff wars or business wars. China does not want to engage in such wars, but we are not afraid to do so.”
Any dialogue should be based on equality, mutual respect and profit, he said that if the US insisted on increasing tariff wars, China would respond to the challenge in all ways.
Lynn said, “In the face of American suzerainty and force, compromise and concession are not viable options,” Lynn said.
Separate, Chinese Foreign Minister Wang Yi on Thursday held a meeting of the messengers of the country in different countries, underlining Beijing’s diplomatic priorities in light of the US tariff war against China.