China on Sunday called upon the US government to “completely cancel” reciprocal tariffs imposed by the Donald Trump administration which has taken the total levies to 145% on the Asian nation.
“We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the right path of mutual respect”, a commerce ministry spokesperson said in a statement.
Reacting to the tariff exemption announced by Trump administration on consumer electronics, China said that it was a “small step” in correcting his “wrong practice” of imposing 145% tariffs.
“China is now evaluating the impact,” the spokesperson said.
The steep 145% US tariff and China’s retaliatory 125% levy have caused serious concern among businesses engaged in US-China trade.