China says it raises definitions on American goods to 125 %

China said on Friday that it raises a tariff for American goods from 84 % to 125 %, which is the latest development in the escalating trade war between the two countries. She said that the high definitions will be valid on Saturday.

“The arbitrary assumption of the United States of high definitions is abnormally on China, which seriously violates international economic and commercial rules, ignores the global economic system of the post -Second World War that the United States itself built, violates basic economic laws and a healthy sense,” statement The Chinese Ministry of Commerce announced by definitions said.

The statement, which was called the American definitions, “a joke” and said it would not respond to the high US tariff in the future.

“If the United States continues to impose a higher tariff, it will not be logical and it will become a joke in the history of the global economy,” said a China statement. “At the level of the current customs tariff, there is no acceptance in the market for American goods that have been exported to China. If the United States continues to play the tariff numbers game, China will ignore it. However, if the United States insists on continuing to violate the interests of China, China will counter the attack and fight to the end.”

The Associated Press reported that President Trump’s global tariff for China is now 145 %. Mr. Trump did not include a 20 % tariff associated with the country’s role in the production of fentanel in Advertising high definitions In China earlier this week, AP said.

The Chinese Ministry of Commerce said on Friday that it had submitted another complaint to the World Trade Organization about the American definitions, Reuters reported.

The three main European stock indicators, after the initial marginal gains, fell after the announcement of China.

“The risk of stagnation is much higher than it was two weeks ago,” Adam Hits, the global president of the multiple assets at Yanus Henderson, told Reuters.