The White House announced this morning (4/11) that it has raised tariffs on China by 145%, and the Chinese Ministry of Finance has also launched a countermeasure, raising tariffs on US goods from 84% to 125%. The Chinese government emphasized that if the US continues to escalate, China will turn a blind eye, and pointed out that US goods can no longer establish a foothold in the Chinese market.
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ToggleChina Announces Countermeasures, Raising Tariffs on US Goods from 84% to 125%
The Chinese Ministry of Finance stated that starting from 4/11, import tariffs on all US goods will be raised from 84% to 125%. They further emphasized that this is their limit, and if the US continues to raise tariffs, China will not respond and will directly ignore it.
China Takes a Hard Stance, US Goods Can No Longer Establish a Foothold in the Chinese Market
In the statement, China pointed out that under such high tariffs, US goods are no longer competitive in the market. They believe that both sides have gone beyond rationality, and if the US continues to escalate, China will not accompany them, as it is economically meaningless.
Market Reaction: US Stock Futures Drop, Hong Kong Stocks Shrink, US Dollar Weakens
According to Bloomberg, China's countermeasures immediately triggered market fluctuations:
S&P 500 futures further declined
Hong Kong H-shares index futures gave up morning gains
US dollar index dropped, falling more than 1% in a single day
This reflects market unease about the deterioration of US-China relations, global trade prospects, and concerns about potential impacts on corporate costs and supply chains.
China's Ministry of Commerce Challenges the US, Only Playing a Numbers Game
The Chinese Ministry of Commerce also challenged the US: "The US repeatedly abuses high tariffs, which is simply playing a numbers game, economically meaningless, and has become a joke."
They further pointed out that the US tariff policy is not based on economic logic, but is a political manipulation that has become a tool for unilateral bullying.
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