Xi Jinping Says 'There Are No Winners In Tariff War' As China Slaps 125% Tariffs On US Goods, Urges Trump To Immediately Correct 'Wrongdoings'

China raised tariffs on U.S. goods from 84% to 125% on Friday in direct retaliation to President Donald Trump’s sweeping trade actions, according to the South China Morning Post. The Customs Tariff Commission stated it would ignore further U.S. tariffs, citing that American exports are already losing market viability. China’s Ministry of Commerce denounced the U.S. strategy as “unilateral bullying,” calling for the removal of all tariffs and reaffirming support for the global trading system. Analysts say Xi is reluctant to negotiate directly with Trump due to internal political pressure from the Communist Party leadership.