China's tax retaliation against the US

Following the US's record increase in tariff rates on products imported from China, the Beijing administration has also made a countermove. China responded by raising the customs duty applied to certain US-origin products to 125 percent.

SHARP RESPONSE FROM CHINA TO THE US!

Shortly after the US announcement, the People's Republic of China stated that it would respond with a similar measure.

The Chinese Ministry of Commerce announced that the customs duty to be applied to some goods imported from the US has been increased to 125 percent. It was stated that the new tax regulation specifically covers agricultural products, automotive parts, and certain technology equipment.