China imposed 125 percent tariff on America, given a befitting reply to Trump

US-China Tariff War: The tension between the two economic superpowers of the world is increasing further. US President Donald Trump on Thursday increased the tariff from 125 percent to 145 percent on goods imported from China. The Dragon, who was angry with this move of America, has done the biggest palavatter ever on Friday. China has increased the tariff rates on goods imported from the US to 84 percent to 125 percent.

‘America is threatening one -sided’

With this action of China, the danger of trade war between the two countries has increased further. China’s Finance Ministry said in a statement released on Friday, “The US imposing so much tariff on China is actually a violation of international and economic trade rules, basic economic laws.” It is one-sided threatening and harmony. ”

It can be terrible

The Chinese Finance Ministry further said, if America continues to impose additional tariffs on the Chinese goods being sent there, China will ignore it. The director of the trade agency of United Nations told Reuters on Friday that the recipe -ride and retaliation on it can be very frightening. This is worse with foreign aid given to developing countries. The International Trade Center said, this can reduce global trade 3-7 percent and GDP to 0.7 percent. This may have the most impact on developing countries. China has also lodged a complaint against the US regarding tariffs with the World Trade Organization.

The impact of tariff war seen in global market

China has also lodged a complaint against the US regarding tariffs with the World Trade Organization. Here, the growing trade war between China and the US is worried about stock market investors. China is retaliating on every step of Trump and tariffs are constantly increasing. This has caused a stir in the global market.

More than 10 trillion dollars have been eliminated from the world’s stock market in a few days. The most damage has been done to the American stock market. Apple, Google, Nvidia, Meta, Amazon, Microsoft and Tesla, known as ‘Magnificent Seven’, have lost $ 1.6 trillion from last Thursday.

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‘We will not back down …’ China said openly on America’s tariff, gave a befitting reply to Trump from this video