In the latest escalation of the trade war between US and China, Beijing has raised import taxes on on American goods from 84 percent to 125 percent, effective Saturday.
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00:00In the latest escalation of the trade war between the US and China,
00:04Beijing has raised import taxes on American goods to 125%.
00:09The tariffs, up from 84%, will apply from Saturday.
00:16The hike comes after the White House singled out China for an additional tariff increase of up to 145%,
00:23while pausing most of its reciprocal tariffs on dozens of other countries.
00:28Announcing China's latest decision, Beijing's finance ministry slammed Washington's tariffs as bullying,
00:34coercion and a violation of international and economic trade rules.
00:38The ministry said the repeated tariff hikes on China have turned into a numbers game, with little real economic value.
00:46It added that China would ignore further tariff hikes by the US
00:50because American goods would no longer make economic sense for importers.
00:54Separately, China's mission to the World Trade Organization said it had filed an additional complaint to the trade body over US tariffs.
01:02Americans.
01:05They were asking for 3 cents a billion years ago.
01:07They were asking for 5 cents.
01:09They were asking for 5 cents a billion years ago.
01:12They were asking for 10 cents a billion years ago.
01:14It was a lot of taxidermy that used in the government to help them to help them.
01:16But, they were asking for 6 cents a billion years ago.