11.04.2025 11:21
Although the additional tariffs imposed by the United States on countries outside of China have been postponed for 90 days for now, Beijing has responded to Washington's recent move of 145% with a new retaliation. China has raised the customs duty rate on U.S. products to 125%. The statement from Beijing highlighted the phrase "necessary response" against the U.S.
The tariffs imposed by Trump, which fell on the world agenda like lightning, brought with them endless retaliatory steps. Although the additional taxes to be applied by the US to countries outside of China have been postponed for 90 days for now, a new retaliation came from Beijing in response to Washington's latest move. China raised the customs duty rate on US products to 125%.
RETALIATION TO THE US'S 145% TAX
In a statement made by the White House yesterday, it was reminded that a 20% customs duty had previously been applied due to the supply of fentanyl and fentanyl precursors to China, and it was noted that Trump's decision for an additional 125% tax came separately from the 20% customs duty. Thus, the total customs duties imposed by the US on China had risen to 145%.
"NECESSARY RESPONSE"
In response to this step, the Beijing administration raised the customs duty rate on US products to 125%. According to China's statement, the increased customs tariffs on products imported from the US will come into effect on April 12, 2025. The Beijing administration emphasized that this step is a "necessary response to unfair practices."
NEW SANCTIONS FROM THE US TO CHINA
On the other hand, the US government decided to impose sanctions on the China-based Guangsha Zhoushan Energy Group company due to its connection with Iran's oil industry, ahead of the planned Iran-US talks through Oman. In a statement from the US Department of State, details regarding the sanctions on Guangsha Zhoushan Energy Group were shared.
The statement indicated that the company was added to the sanctions list for purchasing crude oil from Iran, and it was noted that three more ship management companies were included in the sanctions due to their role in transporting Iranian oil. Additionally, it was recorded that two ships belonging to two of these companies were designated as "blocked property."