China raises retaliatory tariffs on US imports to 125%

[kalyan32]

China has upped its retaliatory tariffs on US imports to 125%, escalating the trade war between the world’s two biggest economic powers. Chinese leader Xi Jinping struck a defiant tone in his first public comments on the trade war, saying his nation was “not afraid.”

• Uncertainty roils markets: Stocks have tumbledand the market for US Treasuries is again showing signs of distress as the trade war gains momentum. Trump conceded that there may be “transition problems” with his policies but said his team was working with partners on trade deals.

[human1234]

But  why are futures up?

[HugoStrange]

1 hour ago, human1234 said:

But  why are futures up?

market thinks T will fold soon, so enduku oorike kangaru padadam ani kangaru padadam apesaru

[AndhraneedSCS]

What difference would it make? 84% will stop all exports to China. If the imports stop, there will be nothing a 125% or 1250% would do.

[Anta Assamey]

1 hour ago, human1234 said:

But  why are futures up?

Alavatu ayyipoyi untundi market....

[Ballisticmissile]

Chinese valla confidence is they can easily replace lost markets....cheap toys, electronics in Temu etc type US can never produce at comparable prices...whole world would be buying it cheaply dumping in Africa, south America, Asia , Europe, India ....But inflation in US is a big problem for democratically elected government 

[Pahelwan4]

Us imports from china more than us exports to china so imports will affect common man harder than exports which only affect rich us ceos.  

[ChanceCoffeeLover]

Only China standing up to crap T created. Very mature response from China unlike T telling media people are kissing his fat a$$

“With tariff rates at the current level, there is no longer a market for U.S. goods imported into China,” the statement noted, adding that “if the U.S. government continues to increase tariffs on China, Beijing will ignore.”

The Trump administration confirmed to CNBC on Thursday that the U.S. tariff rate on Chinese imports now effectively totals 145%. Trump’s latest executive order boosted tariffs on Beijing to 125%, stacked on top of a combined 20% fentanyl-related tariff imposed in February and March.

“This is the end of the escalation in terms of bilateral tariff rates. Both China and the US have sent clear messages, there is no point of raising tariffs further,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management.

[nag]

8 hours ago, Anta Assamey said:

Alavatu ayyipoyi untundi market....

already alaatu padipoyaru..  inka no more tension

War, Tariffs all done.. next level uncertainity edaina vasthey gaani market down kaadu