China pointed to the irrational level of the United States in the use of duties

The US threats to impose duties of 245% on China indicate the irrational level that the United States has reached in using trade tariffs as a weapon. This was announced on April 16 by the Ministry of Commerce of the People's Republic of China.

"China noted that cumulative duties on various items of certain goods exported from China to the United States may rise to 245%. This fully demonstrates that the United States has reached an irrational level in using duties as a tool and weapon," the ministry said in a statement posted on its website.

The Ministry of Commerce of the republic stressed that China will not pay attention to the "senseless game of the United States with tariff figures," however, in further attempts to infringe on its interests, it will give a decisive response.

Market conventions: China and the EU may join forces in a trade war against the United States

The share of their total GDP in the global economy will reach a third in the coming years, but it is unlikely that the countries will remove all barriers.

Earlier in the day, the White House reported that the United States is considering the possibility of imposing duties of up to 245% on imports of goods from China. It is noted that the measure is connected with the aggravation of trade confrontation between the two countries.

On April 2, US President Donald Trump announced the introduction of 10% base duties on products imported from other countries. For the European Union (EU), this figure was raised to 20%, and for China — to 34%. On April 4, Beijing imposed retaliatory duties of 34% against the United States, after which Washington announced an increase in anti-Chinese duties to 104%. Later, the authorities in Beijing decided to raise duties on imported goods from the United States to 84% as a mirror measure.

On April 9, Trump announced the suspension of duties previously imposed on a number of countries for 90 days. He also announced an immediate increase in duties on products from China to 125%. On April 10, this figure reached 145%.