73
China Calls Bluff on 245% US Tariff: 'Meaningless' (www.newsweek.com)
submitted 1 year ago by to c/world@quokk.au
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President Donald Trump's move last week to impose tariffs on scores of countries and regions wiped trillions of dollars off Wall Street and shook global markets. He insisted the move, which raised trade duties paid by importers on foreign goods, was necessary to bring manufacturing jobs back to the U.S. and end "unfair" taxation of American products.

Although the administration later rolled back duties on most of those targeted, pending a 90-day pause, the higher 125-percent tax on China has remained largely intact, further escalating the trade war Trump launched against the world's second-largest economy during his first term.

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4
China Calls Bluff on 245% US Tariff: 'Meaningless' (www.newsweek.com)
submitted 1 year ago by [M] to c/conservative@lemm.ee
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cross-posted from: https://lemmy.world/post/28368639

196
China Calls Bluff on 245% US Tariff: 'Meaningless' (www.newsweek.com)
submitted 1 year ago by to c/politics@lemmy.world
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663
China calls bluff on 245% US tariff: 'Meaningless' (www.newsweek.com)
submitted 1 year ago by to c/world@lemmy.world
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Summary

China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration's threats as a "meaningless tariff numbers game."

Donald Trump's move to impose tariffs "wiped trillions of dollars off Wall Street" and raised duties on foreign goods, claiming to bring back U.S. manufacturing jobs.

A White House fact sheet announced tariffs on some Chinese imports would rise to 245%.

China’s Commerce Ministry said the move "fully exposes the fact that the United States has become irrational" and vowed to see the trade war "through to the very end."

1
China calls bluff on 245% US tariff: 'Meaningless' (www.newsweek.com)
submitted 1 year ago by [M, B] to c/worldnews@lemmit.online
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The original was posted on /r/worldnews by /u/newsweek on 2025-04-17 13:45:12+00:00.