Trade war intensifies, US and China impose 125% import tariffs

JAKARTA - The Chinese government has raised import tariffs on goods from the United States (US) to 125%, effective Saturday (April 12) local time. This policy is China's response to the US decision to increase import tariffs to 125% as of yesterday (April 9) US time.
Quoting The Straits Times on Friday (April 11), China's Ministry of Finance stated that the Chinese government will disregard US commodities as their prices are no longer economically viable for importers. "The US's imposition of high tariffs on Chinese products seriously violates international trade rules, basic economic principles, and common sense," the ministry said.
According to them, the US policy of increasing import tariffs on Chinese goods amounts to intimidation and unilateral tariff coercion.
Earlier, China had imposed an 84% import tariff on US goods in retaliation for the US's 104% tariff implementation. The US then responded by raising import tariffs from 104% to 125% on Chinese products.
Meanwhile, President Donald J. Trump delayed the implementation of new import tariffs for 90 days on several trading partner countries. A total of 75 countries are set to negotiate following the US announcement of reciprocal tariff increases last week (April 2).
Indonesia, one of the US's trading partners, will send a negotiation team to the US next week (April 17). The Indonesian negotiation team will include representatives from the Coordinating Ministry for Economic Affairs, the Ministry of Foreign Affairs, and the National Economic Council (DEN). (LK/LM)