Responding to a White House announcement that China now faces tariffs of up to 245 per cent on imports to the United States, China’s foreign ministry said that the excessively high tariffs on China has degenerated into a ‘numbers game’, which no longer has any practical economic significance.

It only further exposes the US tricks of using tariffs as a tool and weapon for bullying and coercion, the ministry said.

The United States said in a factsheet that China's total duties include the latest reciprocal tariff of 125 per cent, a 20 per cent tariff to address the fentanyl crisis, and tariffs of between 7.5 per cent and 100 per cent on specific goods to address unfair trade practices.

President Donald Trump announced additional tariffs on all countries two weeks ago, before suddenly rolling back higher ‘reciprocal tariffs’ for dozens of countries barring China.

Beijing raised its own levies on US goods in response and has not sought negotiations, which it says can only be conducted on the basis of mutual respect and equality.

China has also filed a fresh complaint with the World Trade Organization (WTO) expressing ‘grave concern’ over US tariffs, accusing Washington of violating WTO regulations.

Fibre2Fashion News Desk (DS)

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No practical economic significance of US reciprocal tariffs: China

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