BEIJING: Following the announcement of Chinese retaliatory tariffs, Trump threatened to impose an extra fifty percent tariff on China (that vowed to fight to the end against the additional levies) here on Tuesday (8th April, 2025).
Undaunted by the continuous blows of Trumpian Tarriffs, China said it would fight to the end against US move. Savants at the helm of affairs are of the view that the skirmishes could bring down both economies.
Earlier, responding to Donald Trump’s announcement apropos imposition of 54% levies on commodities that China exports to US, the Finance Ministry here had imposed 34 percent additional Tariffs on the imports of American goods.
Chinese Commerce Ministry maintained: “The purpose of the Chinese government’s implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation.” The extra tariffs would be imposed on US commodities from 10th April. The customs here has also suspended imports of sorghums, poultry & bonemeal from US.
It may be recalled that on 3rd April US President Donald Trump (who is desperately trying to transform his country into a Mercantile entity, has also imposed 29% reciprocal tariffs on commodities imported from Pakistan. It is pertinent to mention here that Indian exporters will be paying twenty-six percent tariff for the commodities sent to US. Whereas, Sri Lanka too will be paying forty-four percent tariffs for the stuffs exporting to USA.
Newspakistan.tv
