China has announced a sharp increase in tariffs on U.S. goods—from 84% to 125%—in a move that further intensifies the ongoing trade conflict between the two largest economies in the world.
The new tariffs, set to take effect on Saturday, come in response to the U.S. government’s latest hike on Chinese imports, which pushed total levies to 145%.
Although the U.S. recently postponed tariff increases on other countries, it doubled down on its stance against China. Beijing described the move as “economic bullying.”
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A spokesperson from China’s Finance Ministry said the U.S. actions amount to “a farce that will go down in world economic history,” and warned that China would retaliate without hesitation if its interests continue to be threatened.In a related move, China’s Commerce Ministry confirmed it will file an additional legal challenge with the World Trade Organization (WTO), signaling a multilateral pushback to the escalating dispute.
Analysts say the deepening trade rift could weigh heavily on global markets, potentially slowing economic growth worldwide—a scenario that could affect export-driven sectors in countries like Nigeria.
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