China urged the US government to” completely withdraw” the mutual taxes that the Donald Trump administration had imposed, which had increased the country’s total levies to 145 %.
A spokesperson for the commerce ministry called on the US to “take a great step” to correct its errors, completely abolish the “reciprocal tariffs” practice, and move forward on the right track toward mutual respect, according to a statement.
China responded to the Trump administration’s announcement to exempt consumer electronics, saying it was a” small step” in reversing his “wrong practice” of imposing 145 % tariffs.
The director stated that China is currently looking into the impact.
Businesses engaged in US-China trade have been seriously concerned by the steep 145 % US tariff and China’s retaliatory 125 % levy.
Companies are concerned about securing coming commands, but the move has also raised questions about the viability of their activities if the hostilities continue. Experts warn that the storied business connection that has served as the world’s monetary ally may be in danger of disintegrating.
