China will raise the additional tariffs on products imported from the United States to 125 percent, effective from Saturday, the Customs Tariff Commission of the State Council announced Friday, Xinhua reports.
The announcement follows the U.S. move to raise the "reciprocal tariffs" on Chinese imports to 125 percent. The commission said the U.S. imposition of excessively high tariffs on China seriously violates international economic and trade rules, goes against basic economic laws and common sense, and is nothing but unilateral bullying and coercion.
Even if the U.S. imposes even higher tariffs, it would no longer make economic sense and ultimately go down as a joke in world economic history, according to the commission.
Given that it's already impossible for the Chinese market to accept U.S. imports at the current tariff level, if the United States imposes further tariffs on Chinese products, China will ignore it," it said.
However, should the U.S. persist in substantially undermining China's interests, China will take firm countermeasures and fight to the end, the commission added.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.