China Retaliates With 84 Percent Tariffs on US Goods
Udumbara
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Beijing said that the rules will be enforced from April 10 midday local time, at 12:01 a.m. EDT.
China’s finance ministry has announced an additional 84 percent tariff on all goods imported from the United States, set to take effect on Thursday.
On April 9, the Chinese communist regime said that these rules would be enforced from midday, Beijing time, (12:01 a.m. EDT) on April 10. The 84 percent tariff replaces the previously announced 34 percent tariff.
On April 2, Trump announced a minimum 10 percent tariff on all trading partners, as well as higher levies on about 60 nations identified by the administration as “worst offenders” in trade imbalances with the United States, including an additional 34 percent tariff on China.
When China responded with tit-for-tat 34 percent retaliatory levies on U.S. goods, Trump imposed an extra 50 percent on the Chinese regime, amounting to 104 percent total tariffs on Chinese imports, which came into effect from 12:01 a.m. on Wednesday.
This is a developing story and will be updated.
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