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China says it will ignore US 'tariff numbers game'

  • China has imposed a 125% tariff on American goods in response to previous U.S. Tariff policies, specifically targeting Vice President JD Vance's remarks about Chinese laborers, as reported by the Ministry of Foreign Affairs.
  • Xia Baolong criticized Vance's statements, calling the U.S. trade strategy 'extremely shameless' and mocking the remarks on Chinese workers.
  • The World Trade Organization warned of a potential 0.2% decline in global trade volume for 2025 due to high tariffs and political tensions.
  • Economists believe that continued tariffs can halt most trade between the U.S. And China due to increased costs, as mentioned by various analysts in the context of Trump's tariffs.
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Lean Left

China dominates solar. Trump tariffs target China. For US solar industry, that means higher costs

President Donald Trump's escalating trade war with China means hopeful solar buyers may have a much harder time getting systems installed in the U.S. in coming months.

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Center

US threatens China with 245% tariff

·South Africa
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financialnewsnetwork.com broke the news in on Tuesday, April 15, 2025.
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