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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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EU halts counter-tariffs but no pause in US-China trade war

The EU paused plans for retaliatory tariffs on US goods Thursday after President Donald Trump abruptly suspended higher US duties on the bloc and other countries, leaving China in the crosshairs of his trade war.

·Cherokee County, United States
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thyblackman.com broke the news in on Monday, April 7, 2025.
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