China issues scathing response to Trump's 145% tariffs with major new blow to the country
Since President Trump's return to the White House in January for his second term, tariffs have dominated his economic policy. Trump declared April 2 as 'Liberation Day' for the US and announced numerous tariffs affecting global nations, with China receiving the harshest treatment.
China now faces a substantial 145 percent tariff "effective immediately" after attempting to counter with its own retaliatory measures.
"Eventually, perhaps soon, China will understand that exploiting the U.S.A. and other nations is no longer viable or tolerable," Trump stated on Truth Social.
China's commerce ministry responded by urging the US to "take a big step back to correct its mistakes" and "return to the right path of mutual respect."
On April 11, Trump's administration appeared to soften its stance, announcing exemptions for smartphones, computers, and certain Chinese products from the increased tariffs. However, US Commerce Secretary Howard Lutnick revealed on Sunday that these exemptions might be temporary, with a possible "semiconductor tariff" coming soon.
China has retaliated with a 125 percent tariff on American-made goods and prohibited its airlines from completing any jet orders from Boeing. All existing orders have been suspended, and Chinese airlines cannot purchase any aircraft parts from the American manufacturer.
Despite causing global economic disruption, Trump shows no intention of reversing his decisions. He declared on Truth Social: "The Golden Age of America, which includes the upcoming Tax and Regulation Cuts, a substantial amount of which was just approved by the House and Senate, will mean more and better paying Jobs, making products in our Nation, and treating other countries, in particular China, the same way they have treated us. The bottom line is that our Country will be bigger, better, and stronger than ever before. We will, MAKE AMERICA GREAT AGAIN!"
