
China Announces Raising Tariffs on US to 125%
Taarek Refaat
China had raised retaliatory tariffs on US imports from 84% to 125%, according to Customs Tariff Commission of the State Council.
China indicated on Friday that it would not increase its tariffs on US goods beyond the current 125%, according to a statement from a spokesperson for the Ministry of Commerce.
The spokesperson explained: "The United States' successive imposition of excessively high tariffs on China has become a mere numbers game, with no real economic significance. It only reveals the United States' practice of weaponizing tariffs as a tool of bullying and coercion, turning itself into a joke."
He continued: "If the United States insists on continuing this numbers game with tariffs, China will not engage. However, if the United States continues to seriously harm China's interests, China will resolutely take countermeasures and fight to the end."
Chinese President Xi Jinping addressed the escalating trade conflict with the United States on Friday, saying his country is "not afraid," in his first public comments on the issue, according to state broadcaster CCTV.
The Chinese channel quoted Xi Jinping as asserting that "there is no winner in a tariff war, and that opposition from the world will only lead to self-isolation."
He added, "For more than 70 years, China's development has been self-reliant and hard-working—never dependent on others' gifts, never fearing any unjust oppression. No matter how the external environment changes, China will remain confident, and focused on managing its own affairs efficiently."
read more
CBE: Deposits in Local Currency Hit EGP 5.25 Trillion
Morocco Plans to Spend $1 Billion to Mitigate Drought Effect
Gov't Approves Final Version of State Ownership Policy Document
Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister
Qatar Agrees to Supply Germany with LNG for 15 Years
Business
Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves
Business
Suez Canal Records $704 Million, Historically Highest Monthly Revenue
Business
Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday
Business
Wheat delivery season commences on April 15
News
Egypt confirms denial of airspace access to US B-52 bombers
News
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
Lifestyle
Pistachio and Raspberry Cheesecake Domes Recipe
News
Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content
Arts & Culture
Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized
Videos & Features
Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO)
Sports
Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
News
Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies
Arts & Culture
New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Arts & Culture
Arwa Gouda Gets Married (Photos)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
3 hours ago
- See - Sada Elbalad
Casualties from Iran's Strikes on Tel Aviv Rise to 41.. Revolutionary Guard Targets Israeli Air Bases
Taarek Refaat The number of casualties from the Iranian missile strikes on Tel Aviv on Friday evening has risen to 41, Israeli media reported. Iran launched fewer than 100 missiles in two waves, targeting the city and surrounding areas. While reports suggest that the damage to buildings was relatively limited, some were struck by shrapnel from intercepted missiles, and one building is reported to have collapsed. Prime Minister Benjamin Netanyahu is reportedly assessing the situation with key ministers and heads of Israel's defense establishment. Israeli officials have yet to provide further details on the extent of the destruction or confirm additional casualties. Meanwhile, the Iranian Revolutionary Guard Corps (IRGC) announced that it had struck Israeli air bases, which it claims were the launching points for recent attacks on Iranian territory. In a statement issued late Friday, the IRGC said that its Aerospace Force deployed a combination of precision missiles and drones to target military centers and air bases across Israel. The IRGC also targeted military-industrial centers involved in missile production and the manufacturing of military equipment, emphasizing that these strikes were in retaliation for what Iran described as "criminal aggression" against its sovereignty. The statement further noted that the Iranian strikes were "precise," with field reports, satellite imagery, and intelligence intercepts confirming that dozens of ballistic missiles had successfully hit key strategic targets. Israel has yet to comment on the Iranian claims, but military sources have acknowledged that Israel's air defense systems intercepted some of the incoming missiles. The exchange of missile strikes marks a significant escalation in the ongoing tensions between the two nations. Both sides have made statements reaffirming their readiness to protect national security, and as the situation continues to unfold, concerns are growing over the potential for further military escalation in the region. This is a developing story. More details are expected to emerge as both Israeli and Iranian officials monitor the ongoing conflict. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand


See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
EgyptAir Cancels Flights to Erbil, Baghdad, Amman, and Beirut Amid Regional Airspace Closure
Taarek Refaat The Egyptian Ministry of Civil Aviation announced on Friday that five Royal Jordanian flights were diverted to Sharm el-Sheikh International Airport due to the temporary closure of airspace in the region. The diverted flights arrived at Sharm el-Sheikh Airport earlier this morning, with all departing on their scheduled routes after the diversion. The Ministry confirmed that all necessary operational and precautionary measures were taken to ensure the safety and comfort of passengers. Appropriate support was provided in line with international aviation safety standards. In a related update, EgyptAir announced the cancellation of several flights scheduled for today. Flights to Erbil, Baghdad, Amman, and Beirut were canceled until the airspace is reopened and flight operations resume. The airline emphasized its commitment to passenger safety and will provide further updates as the situation evolves. The temporary airspace closure has caused disruptions, but authorities are working to resolve the situation and ensure the continued safety of air travel in the region. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand


See - Sada Elbalad
6 hours ago
- See - Sada Elbalad
Iranian Air Defense Downs Two Israeli Warplanes, Captures Pilot
Taarek Refaat Iranian air defense forces successfully shot down two Israeli warplanes on Friday evening, marking a significant escalation in regional tensions. According to a report by the Tasnim News Agency, the attack took place in Iranian airspace, with one of the Israeli pilots, identified as a woman, captured following the downing of one of the planes. The operation is described as a major success for Iran's air defense capabilities, showcasing its ability to confront and neutralize Israeli aerial threats. Iranian authorities have hailed the interception as a testament to the country's preparedness and the growing sophistication of its defense systems. While further details regarding the incident are limited, the capture of the Israeli pilot adds a new dimension to the already volatile situation. The authorities have not yet disclosed the specific location of the engagement or the identity of the captured pilot. This latest development further intensifies the ongoing military standoff between Israel and Iran, with both nations locked in a broader struggle for regional influence and security. Iranian officials have repeatedly warned of severe consequences for Israeli military actions in Iranian-controlled airspace, emphasizing that such incursions will be met with resolute responses. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand