World News

Translation:

A better translation of the most interesting part of this announcement:

"Based on the current tariff levels, there’s no possibility that U.S. products would be accepted in China’s market. If the U.S. would continue to to raise tariffs on China, China would just simply ignore it."

= There is no point for China to raise tariffs any further past this point because US goods have already become completely uncompetitive in China now.