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China to raise tariffs on US goods from 34% to 84% in response to Trump tariffs

  • The trade war escalated on Wednesday as China imposed retaliatory tariffs on US goods.
  • President Trump's initial tariffs on various trading partners prompted this escalation.
  • Beijing increased levies to 84%, responding to Trump's duties that included 104% on some Chinese goods.
  • Trump stated, "This is a GREAT time to move your COMPANY into the United States of America," urging swift action.
  • Global markets reacted negatively with stock market declines, raising recession fears amid the ongoing trade tensions.
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thyblackman.com broke the news in on Monday, April 7, 2025.
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