Beijing’s comments come after the White House said China’s exports could face up to 245% of their duties.
China’s Foreign Ministry said it would not pay attention to President Donald Trump’s “tariff number game” after suggesting that Chinese exports face tariffs of up to 245%.
The White House revealed its latest tariff rates in a fact sheet earlier this week.
The fact sheet includes Trump’s recent 125% tariffs and 20% tariffs suspected that Beijing had not curbed fentanyl exports, including a potential obligation of 7.5% to 100% that could be imposed after a national security review launched under the 1974 Trade Act.
Beijing’s remarks on Thursday mirrored what was made by the Ministry of Finance last week. This saw Trump’s tariffs as “joking.”
China’s tariffs on US goods are 125%, but Beijing has also taken other non-tariff punitive measures, including limiting the release of Hollywood movies.
Economists say Trump’s tariffs will halt most trade between the US and China due to an outrageous rise in costs, if not relaxed.
The World Trade Organization on Wednesday said the volume of world trade is expected to fall by 0.2% in 2025 under current conditions. That is, he said it was “almost three percentage points lower” than the low-function baseline scenario.
The ripple effects of Trump’s “mutual tariffs” have been suspended until July, and “may hurt export-oriented minimally developed countries with a significant 1.5% decline in global commodity trade,” the WTO said.
The United Nations Trade Development (UNCTAD) office has also revised its forecast, which is down from 2.5% to 2.3%, compared to forecasts for global growth in 2025.
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