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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.
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Where things stand in the US-China trade war

US President Donald Trump has ramped up his trade war against China, further raising import tariffs on Beijing to 125 percent despite pausing them for other countries.

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Forbes broke the news in United States on Friday, April 4, 2025.
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