China’s Ministry of Foreign Affairs has dismissed the United States President Donald Trump’s “tariff numbers game” after the White House announced that Chinese exports could potentially face tariffs of up to 245 percent. The fact sheet released by the White House outlined the various tariffs imposed by Trump, including a recent 125 percent tariff in response to Beijing’s alleged failure to control fentanyl exports to the US.
Beijing has criticized the escalating tariffs as a “joke” with no economic significance, stating that they currently stand at 125 percent for US goods. The World Trade Organization has warned that Trump’s tariffs could lead to a decline in global trade volume by 0.2 percent in 2025, with a potential additional 1.5 percent decline if reciprocal tariffs are implemented.
Economists have expressed concerns that the significant rise in costs due to tariffs could bring trade between the US and China to a standstill. The UN’s Trade and Development (UNCTAD) office has revised its global growth prediction downwards to 2.3 percent in 2025, citing the potential impact of trade tensions on the global economy.
With Trump’s tariffs mostly paused until July, the uncertainty surrounding trade relations between the US and China continues to pose challenges for global economic growth. The impact of these tariffs and the resulting trade tensions remain a cause for concern for economists and global trade organizations.
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