💨 Abstract

China has retaliated against the latest US tariffs by imposing 125% tariffs on imports of all US goods, effective from April 12. The Chinese Customs Tariff Commission stated that given the current tariff levels, there is no longer any possibility of market acceptance for US goods exported to China. China has also filed a lawsuit with the WTO following the US tariff hikes.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖