The American side threat to increase the roles against China is a “error by mistake,” mentioned in Beijing.
China’s authorities will “fight to the end” if US president Donald Trump indicates a threat of increasing the duties of another 50%. On Tuesday, April 8, Reuters reported that there was a reference to the statement of the PRC’s Ministry of Trade.
“The American side threat to increase the roles against China is a mistake by a mistake that once again shows the blackmail nature of the American side. If the United States asserts itself, China will fight to the end,” the statement said.
The agency noted that if none of the parties retreated, then the total size of new US duties in Chinese goods could have grown by 104%.
“If tariffs continue to grow and grow, it will be a battle of mood and principles, not the economy,” said Xu Tian Very, Senior Economist in China at the Economist Intelligence Unit.
According to him, since China has found a tariff of over 60%, it doesn’t matter if it grows by 50%or 500%.
In this regard, the Financial Times record that Beijing has adopted the threat of response steps, adjusting his money exchange rate at 7.20 yuan per dollar – the smallest since September 2023 – as a sign that he can use lowering to pay for US tariffs.
Remember yesterday Trump said that on April 9 he would introduce an additional 50% fee against China if Beijing did not cancel 34% duties, introduced to American products last week.
These Chinese tariffs were introduced in response to the corresponding roles of the United States at 34%declared by Trump, which was added 20%introduced earlier this year, and led to the fact that the average US tariff for Chinese goods grew to 76%.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.