Beijing announced Friday that it was raising tariffs on U.S. goods from 84 percent to 125 percent, following confirmation from the White House the day before that it was placing tariffs of 145 percent on Chinese goods.
Instead of entreating Xi to a meeting, U.S. officials awoke Friday to even more tariffs, and no request to begin negotiations.
The White House has claimed to have started negotiations with officials from 75 countries—though it has refused to divulge which ones—in response to Trump’s reciprocal tariff policy. China has been a notable holdout, and was therefore made exempt from Trump’s 90-day pause on new rates going into effect.
China’s finance ministry released a statement Friday saying that it wouldn’t fall for Trump’s blatant bullying.
“With tariff rates at the current level, there is no longer a market for U.S. goods imported into China,” the statement said, adding that “if the U.S. government continues to increase tariffs on China, Beijing will ignore.”
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