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April 11, 2025
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China rises to 125% tariffs on US products

China rises to 125% tariffs on US products

“Since this level of tariffs, American products exported to China no longer have any possibility of being accepted in the Chinese market,” if Washington continues to increase their tariffs, “China will ignore it,” he added.

Beijing also announced that he will file a lawsuit against the WTO for the last round of Trump tariffs.

The uncertainty generated by Donald Trump’s policies continues to press the dollar down, which on Friday touched its minimum in more than three years against the euro.

Most European stock markets backed away in part.

For its part, in Tokyo, the Nikkei index ended the week with a 2.95%drop.

“Resist together”

Donald Trump announced on Wednesday a 90 -day break in the tariffs that he had just imposed on 60 commercial partners, except China.

However, Washington maintains 10% minimum tariffs and customs surcharges of 25% on steel, aluminum and cars.

As for China, tariffs on their imports amount to 145%.

The Chinese president, Xi Jinping, urged the European Union to “resist” harassment. “

In a meeting in Beijing with the head of the Spanish Government, Pedro Sánchez, the leader of the second world economy, highlighted the need for cooperation between both powers before the commercial war launched by Trump.

“China and the EU must assume their international responsibilities, protect economic globalization together (…) and resist together unilateral harassment,” Xi said.

In a later press conference, Sánchez, a supporter of bringing positions between Brussels and Beijing, defended that commercial tensions between both powers should not be brought in the development of their cooperation.

“Both Spain and Europe have an important trade deficit with China that must be worked on,” said the social democratic leader.

But “we must not let commercial tensions stand at the potential growth of our relationship between China and Spain and between China and the EU,” he said.

The European Commissioner of Commerce, Maros Sefcovic, will hold on Monday at Washington meetings with senior US officials to “avoid a escalation” of commercial tensions, the European Commission said.

The EU suspends countermeasures

The European Union decided to suspend the prepared retaliation measures “to give the negotiations a chance” after Trump pausara the so -called “reciprocal tariffs.”

The American president said that the leaders of the block had been “very ready.” “They were prepared to announce reprisals. They heard what we did with China and said: ‘Do you know what? We are going to wait a bit,” he said.

However, the president of the European Commission, Ursula von der Leyen, warned that they have available a “wide range of countermeasures”, such as assessing the advertising income of US digital platforms within the block.

Meanwhile, the European Central Bank said it is “ready to intervene” in case of risk for financial stability in the eurozone, said President Christine Lagarde.

New dispute with Mexico

On the other hand, the US President threatened Mexico again with “tariffs and perhaps even sanctions” until he fulfills a 1944 treaty and “give Texas the water that owes him.”

This treaty establishes that Mexico and the United States share the waters of Los Ríos Grande (which Mexicans call Bravo) and Colorado, which run through the border between the two countries.



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