China Calls US Tariffs a “Joke” – How Does This Rhetoric Affect Bitcoin?
- China raised tariffs on U.S. imports from 84% to 125%.
- The move follows the U.S. increase in tariffs on Chinese goods.
- China said it would respond to no further tariff hikes from the U.S.
China will increase tariffs on U.S. imports to 125% starting April 12, 2025. The move follows the U.S. decision to raise tariffs on Chinese goods to the same rate. Beijing calls the U.S. action a violation of trade rules and economic norms.
China Responds to U.S. Tariff Increase
The State Council Tariff Commission announced the tariff hike today, April 11. The new rate will replace the previous 84% tariff set in March. The decision follows the U.S. government’s April 10 announcement to raise tariffs on Chinese exports to 125% under a “reciprocal tariff” plan.
China’s new tariffs will apply to many imported goods from the United States. The commission said that U.S. products are not viable in the Chinese market at the current tariff level.
Related: Billionaire Investor Ray Dalio Warns that Tariffs are Only the Beginning
“Given that there is no market acceptance for U.S. goods at this level, China will ignore further moves by the United States,” the sta…
The post China Calls US Tariffs a “Joke” – How Does This Rhetoric Affect Bitcoin? appeared first on Coin Edition.
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China Calls US Tariffs a “Joke” – How Does This Rhetoric Affect Bitcoin?
- China raised tariffs on U.S. imports from 84% to 125%.
- The move follows the U.S. increase in tariffs on Chinese goods.
- China said it would respond to no further tariff hikes from the U.S.
China will increase tariffs on U.S. imports to 125% starting April 12, 2025. The move follows the U.S. decision to raise tariffs on Chinese goods to the same rate. Beijing calls the U.S. action a violation of trade rules and economic norms.
China Responds to U.S. Tariff Increase
The State Council Tariff Commission announced the tariff hike today, April 11. The new rate will replace the previous 84% tariff set in March. The decision follows the U.S. government’s April 10 announcement to raise tariffs on Chinese exports to 125% under a “reciprocal tariff” plan.
China’s new tariffs will apply to many imported goods from the United States. The commission said that U.S. products are not viable in the Chinese market at the current tariff level.
Related: Billionaire Investor Ray Dalio Warns that Tariffs are Only the Beginning
“Given that there is no market acceptance for U.S. goods at this level, China will ignore further moves by the United States,” the sta…
The post China Calls US Tariffs a “Joke” – How Does This Rhetoric Affect Bitcoin? appeared first on Coin Edition.
Read More
Is Bitcoin’s Bull Run Confirmed? Not Until It Clears This $88k Hurdle