Economy Current Affairs Analysis
Context
China, on Friday, continued its tit-for-tat move against the Trump administration’s tariffs by hiking its levies on imports from the U.S. to 125% against duties of 145% by America even as it evinced interest in dialogue with Washington to resolve the impasse.
China’s Customs Tariff Commission said, “Even if the U.S. imposes higher tariffs, it would no longer make economic sense and ultimately go down as a joke in world economic history.”