China to impose 34% retaliatory tariff on all goods imported from the U.S.
- China will impose a 34% tariff on all goods imported from the U.S. Starting April 10.
- President Donald Trump criticized China's tariff decision, describing it as a trade war.
- Taiwan's President Lai Ching-te pledged support to affected industries, stating the tariffs are unreasonable and may impact the global economy.
- The European Commission's President Ursula von der Leyen emphasized the need for better trading rules.
485 Articles
485 Articles
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…
Commercial war: China is responding and will impose 34 per cent customs duties on the United States
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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