Chinese State Council: US continues to impose even higher tariffs will become a joke in world economic history

According to BlockBeats, on April 11th, the Tariff Commission of the State Council announced that the US government has further increased the "equivalent tariff" rate on Chinese goods imported to the US to 125%. The United States' arbitrary imposition of excessively high tariffs on China seriously violates international economic and trade rules, disregards the post World War II global economic order constructed by the United States itself, and goes against basic economic laws and common sense. It is completely a unilateral bullying and coercive approach. The Chinese side strongly condemns this. According to the Customs Law of the People's Republic of China, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, the Tariff Commission of the State Council has announced that starting from April 12, 2025, the additional tariff rate stipulated in the Announcement of the Tariff Commission of the State Council on Adjusting the Measures for Imposing Additional Tariffs on Imported Goods Originating in the United States (Tariff Commission Announcement No. 5 of 2025) will be adjusted from 84% to 125%. Other matters shall be implemented in accordance with the Announcement of the State Council Tariff Commission on Imposing Additional Tariffs on Imported Goods Originating in the United States (Tariff Commission Announcement No. 4 of 2025). Even if the US continues to impose high tariffs, it will no longer have economic significance and will become a joke in world economic history. At the current tariff level, there is no market acceptance possibility for US goods exported to China. If the US continues to play the tariff numbers game, China will ignore it. However, if the US insists on continuing to substantially infringe upon China's interests, China will resolutely retaliate and stay by its side until the end.