China's JD.com to spend 200 billion yuan to help exporters go domestic amid trade war
ReutersApr 11, 2025 9:21 AM
BEIJING, April 11 (Reuters) - China's e-commerce giant JD.com announced on Friday it will launch a 200 billion yuan ($27.35 billion) fund aimed at helping the country's exporters sell their products domestically, as a U.S.-China trade war intensifies.
Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145%.
($1 = 7.3122 Chinese yuan renminbi)
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