US EditionChina to impose 34% retaliatory tariff on all goods imported from the U.S.
- China responded to U.S. tariffs by increasing duties on certain American goods, raising the rate from 34% to 84%, starting Thursday, intensifying the ongoing trade dispute between the two nations.
- This tariff increase followed the U.S. raising duties on Chinese goods up to 145 percent, reflecting a tit-for-tat dispute between the global economic powers.
- The trade war disrupts global markets and supply chains, with China exporting over $500 billion in goods to the U.S. and importing $143.5 billion in return last year.
- The World Trade Organization head warned in April that the tariff conflict could reduce bilateral trade by 80 percent and severely damage the global economic outlook.
- Analysts expect the tariffs to harm China's fragile economic recovery and U.S. manufacturers, while both sides remain reluctant to ease measures despite ongoing calls for talks.
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The EU: 'All options on the table, let's act step by step'. Moscow: 'Economy in turmoil' (ANSA)
China retaliates to Trump’s tariffs
World shares slid further and US futures also fell Friday as investors counted the potential costs of US President Donald Trump’s latest set of tariffs, even as China retaliated by announcing a 34 percent tariff on imports of all US products and other retaliatory moves. Major US indexes, which had already plunged sharply before Friday’s opening bell, doubled their losses after the announcement from China. The Dow Jones fell 1,200 points, almost…
Barely 24 hours after Donald Trump's statements, Beijing announced this Friday, April 4, that China will also impose 34% of tariffs on American products imported into its territory, starting on April 10.
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