The exchange of accurate blows continues. Is this Chinese knockout?

From April 12, China authorities will raise customs duties to goods from the US to 125 percent, in retaliation for the last increase in the US President Donald Trump – the Ministry of Finance in China said on Friday.

This movement occurred after the US administration raised the US duties to import from China to 145 percent.

The Ministry of Finance China said that China will ignore the US Customs Duty for Chinese products.

“Considering that there is no more space for market acceptance for bringing American goods exported to China at current tariff levels, if the American side continues to impose duties on Chinese goods exported to the USA, the Chinese side will not pay attention to it,” it was written in communication.

“The US imposition of grossly high duties on China seriously violates international and economic principles of trade, basic economic rights and common sense and is completely unilateral intimidation and forced,” said the Chinese Ministry of Finance in a statement. (PAP Biznes)

KEK/ ry/