{"id":155009,"date":"2025-04-12T15:00:16","date_gmt":"2025-04-12T12:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155009"},"modified":"2025-04-12T01:44:43","modified_gmt":"2025-04-11T22:44:43","slug":"china-hits-back-at-u-s-tariffs-calls-washingtons-strategy-a-joke","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/china-hits-back-at-u-s-tariffs-calls-washingtons-strategy-a-joke\/","title":{"rendered":"China Hits Back at U.S. Tariffs, Calls Washington\u2019s Strategy \u2018A Joke\u2019"},"content":{"rendered":"<p>The retaliatory move mirrors Washington\u2019s own decision to hike tariffs on Chinese goods to the same level just one day earlier, escalating an already tense trade standoff between the world\u2019s two largest economies.<\/p>\n<p>Beijing\u2019s <strong><a href=\"https:\/\/gss.mof.gov.cn\/gzdt\/zhengcefabu\/202504\/t20250411_3961823.htm\" target=\"_blank\">response<\/a><\/strong>, announced by the State Council Tariff Commission, replaces the 84% tariff set just last month. In a pointed statement, the commission accused the U.S. of violating global trade norms and declared that U.S. goods were no longer viable in the Chinese market under current conditions.<\/p>\n<p>\u201cGiven that there is no market acceptance for U.S. goods at this level, China will ignore further moves by the United States,\u201d the announcement said. The updated tariffs are backed by China&#8217;s domestic trade laws and framed as consistent with international legal principles.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/experts-question-trumps-tariff-move-temporary-relief-or-deeper-uncertainty\/\" title=\"Experts Question Trump\u2019s Tariff Move: Temporary Relief or Deeper Uncertainty?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/trump-2-e1682283615732-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Experts Question Trump\u2019s Tariff Move: Temporary Relief or Deeper Uncertainty?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>China\u2019s Finance Ministry didn\u2019t mince words either, describing the U.S. tariff policy as &#8220;a joke in the history of world economy.&#8221; Officials warned that if Washington continues to challenge China\u2019s interests, Beijing is prepared to escalate further.<\/p>\n<p>The tit-for-tat comes after President Trump denied China a tariff delay that was granted to other nations under the U.S.\u2019s new \u201creciprocal\u201d trade policy. In a social media post, he accused Beijing of showing \u201ca lack of respect\u201d for global markets and ordered the immediate hike.<\/p>\n<p>Across the Atlantic, Germany&#8217;s finance minister Joerg Kukies suggested the European Union may weigh its own response if talks with Washington break down, emphasizing the need for the bloc to strengthen its digital economy and reduce dependency on U.S. services.<\/p>\n<p>Meanwhile, the crypto market reacted sharply to the renewed tensions. Bitcoin briefly fell below $74,000 before recovering to around $81,500, while Ethereum slid more than 2% to near $1,548. Analysts say the volatility stems from investor fears over a slowing global economy and inflationary risks triggered by the tariff war.<\/p>\n<p>Still, some observers argue that prolonged geopolitical friction could ultimately favor decentralized assets. As traditional markets face turbulence, Bitcoin\u2019s role as a hedge against instability may become even more prominent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has fired back at the United States with a sharp tariff increase, raising duties on U.S. imports to 125% effective April 12, 2025.<\/p>\n","protected":false},"author":3,"featured_media":93980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[],"class_list":["post-155009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Hits Back at U.S. Tariffs, Calls Washington\u2019s Strategy \u2018A Joke\u2019<\/title>\n<meta name=\"description\" content=\"China has 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