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The 'tariff war' between America and China does not seem to be stopping at the moment. Both countries are taking action after action against each other. On April 2, US President Donald Trump announced a 34 percent tariff, in protest against which China imposed the same tariff on America.
By how much percent did the tariff increase?
After this, America increased the tariff from 34 percent to 84 percent and then to 125 percent. Then when China responded to this tariff, America has now imposed a 245% tariff on China.
US President Donald Trump has decided to increase tariffs on China. After this decision of Trump, the trade war between the two countries is now expected to intensify further.
China's response to 245% tariff
After the US announced the imposition of 245 percent tariff, China has also reacted on this issue. China's Foreign Ministry spokesman Lin Jian said that China is not afraid of fighting a trade war.
Earlier, Trump had said that it was up to Beijing to come to the table for talks. According to a statement given by press secretary Caroline Levitt in a briefing, on Tuesday, the US President had said, "The ball is now in China's court. China needs to compromise with us."
Which countries did Trump accuse?
US President Donald Trump had accused China, India, Brazil and many other countries of the world of imposing higher tariffs than the tariffs imposed by America on goods imported from them.
Trump said that the issue of tariffs was a key issue during his election campaign. Now, after the US imposes tit for tat tariffs, other countries will be forced to reduce their taxes or the US manufacturing sector will get a boost and this will create local employment opportunities.
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