China don increase tariff wey dey affect US import to 125%, wey go start from April 12, because of the US wey don put 145% import duty. Dis one na part of di ongoing trade wahala wey dey happen between di two countries, as China dey accuse US sey dem dey do “unilateral bullying and coercion” plus “arrogant and bullying behavior”.
Key Details
– *Tariff Increase*: China tariff on US import don jump from 84% to 125%, e dey affect plenty goods.
– *US Response*: US don already increase duty on China export to 145%, so China dey retaliate.
– *Global Implications*: Dis trade wahala fit affect global market, e fit change economy and trade relationship ¹.
Reactions and Future Plans
– *China’s Stance*: China don vow sey dem go ignore US tariff and dey find alliance with other countries, including EU, to fight US trade policy.
– *International Response*: Countries like Japan and Taiwan dey prepare to negotiate with US to secure exemption from tariff.
– *Market Impact*: Asian market don feel am, Japan Nikkei don drop 2.26% and Hong Kong stocks dey waka jom.
Background and Context
– *Trade War Escalation*: Di trade wahala between China and US don lead to plenty tariff increase and retaliatory action.
– *Global Trade Environment*: Di trade war fit get big effect on international trade, economic globalization, plus di global economy ¹.
