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China slaps 125 tariffs on US goods but to 'ignore' further hikes

A vendor works at a shop at the Yiwu International Trade Market in Yiwu, China's eastern Zhejiang province on April 10, 2025. [AFP]

China said Friday it would raise tariffs on US goods to 125 percent but would ignore further levies by President Donald Trump because it no longer makes economic sense for importers to buy from America.

After a week of market mayhem as the world's two largest economies took turns to put up trade barriers, Beijing dismissed Trump's mounting brinkmanship as a "joke" and a "numbers game".

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