US EditionTrade war: Beijing applies retaliatory 84% tariffs on US goods
- China imposed retaliatory tariffs of 84% on U.S. Goods, effective Thursday, escalating the trade war.
- The US, under President Trump, had increased duties on Chinese imports to 125% due to trade imbalances.
- Beijing also blacklisted 18 U.S. Companies, including Sierra Nevada Corporation, an aerospace manufacturer.
- China's Ministry of Commerce stated, "If the US wants to talk, China's door remains open."
- Analysts suggest the escalating trade feud could significantly reduce global real GDP, potentially by nearly 7%.
67 Articles
67 Articles
Trade conflict - US-China customs dispute escalated
China has imposed the retaliation tariffs of 84 percent on imports from the US. US President Trump, for his part, raised the tariffs on imports from China yesterday to 125 percent. Many other countries, on the other hand, get a "break": for 90 days, their imports into the US will only be subject to a basic duty of ten percent. Only recently imposed higher tariffs will be suspended.
Stocks Today: Wall Street's Upgrades and Downgrades
Markets are reeling as trade tensions escalate, with China’s retaliatory 84% tariffs on U.S. goods—up from 34%—countering Trump’s 125% levy on Chinese imports, hammering sentiment. .keypoints-box { margin-bottom: 20px; } Key Points Markets slide (S&P 500 -2.64%, Nasdaq -3.72%) as China’s 84% tariffs hit back at Trump’s 125%, overshadowing 15-country deal talks. Analysts adjust: Amazon, Meta, Tesla targets cut; Western Digital, AppLovin see mi…
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