China says US stands to become ‘a joke in the history of the world economy’ By Lisa Visentin Updated April 11, 2025 https://www.smh.com.au/world/asia/c...riff-hike-to-125-percent-20250411-p5lr5u.html Singapore: Beijing has declared that the Chinese market for US exports has been destroyed by the spiralling trade feud, as it hiked its tariffs on American goods to 125 per cent in retaliation for President Donald Trump’s duties on its products. Announcing the increase, China’s Finance Ministry signalled Beijing would no longer go tit-for-tat with the Trump administration, saying further increases would have “no economic significance” and the United States stood to “become a joke in the history of the world economy”. “Under the current tariff level, there is no possibility of market acceptance for American goods exported to China,” the Finance Ministry said in a statement. Chinese President Xi Jinping. Credit: Getty However, it kept the door open to continuing to impose other trade measures, such as adding more America companies to trade blacklists and tightening export controls. “If the US continues the tariff figure game, China will ignore it. However, if the United States insists on continuing to substantially infringe on China’s interests, China will resolutely counter it and accompany it to the end,” it said. Beijing’s latest response comes after the White House on Friday (AEST) confirmed the cumulative tariff on China was at least 145 per cent, not 125 per cent as Trump had initially stated on social media. China’s revised 125 per cent tariff on American goods, up from 84 per cent, will take effect from Saturday. More to come
Tim Cook has foresight. Apple said to be flying iPhones from India to US to avoid Trump tariffs | Apple | The Guardian
india makes low end iphones, maybe 16e or older version 15. 1.5m is average 4-7 days sales in a normal week. let’s see how long it takes to see the prices jump, not sure.
The US is not selling as much goods in China anyway otherwise it wouldn't have such a high trade deficit against China. LOL So the Chinese market is moot and has been moot for a very long time. The US market for Chinese products however is a different story...
Here's a complete list of the products China imports from the U.S., according to the U.S.-China Business Council: Oilseeds and grains: $18.5 billion Oil and gas: $17.6 billion Other: $15.9 billion Pharmaceuticals and medicines: $11.3 billion Semiconductors and components: $6.8 billion Aerospace products and parts: $6.8 billion Navigational and measurement instruments: $6.8 billion Basic chemicals: $6.5 billion Motor vehicles: $6.1 billion Resins and synthetic fibers: $5.5 billion Industrial machinery: $5 billion Meat products: $4.5 billion Medical equipment and supplies: $3.6 billion General purpose machinery: $2.6 billion Miscellaneous crops: $2.4 billion Scrap products: $2.4 billion Pulp and paperboard mill products: $2.1 billion Miscellaneous manufactured commodities: $2.1 billion Computer equipment: $1.8 billion Non-ferrous metal products: $1.8 billion Motor vehicle parts: $1.7 billion Electrical equipment and components: $1.7 billion Miscellaneous fabricated metal products: $1.6 billion Plastic products: $1.4 billion Engines and turbines: $1.4 billion Electrical equipment: $1.3 billion Communications and service industry machinery: $1.3 billion Soaps, cleaning agents and toiletries: $1.3 billion Fruits and tree nuts: $1.1 billion Coal and petroleum gases: $1.1 billion Marine products: $1 billion Which U.S. states export the most to China? Broken down by state, Texas was the largest exporter of goods to China in 2023, with Beijing importing $25.7 billion worth of products from the Lone Star State that year. China also imported $16.4 billion worth of goods from California, and $6.5 billion from Louisiana. South Carolina rounded out the top 10, exporting $3.9 billion worth of goods to China that year.