China Raising Tariff on U.S. Goods to 84%
April 9th, 2025Via: Yahoo!Finance:
China said it will raise its tariff on US goods to 84%, retaliating to the hefty new tariffs on its imports that kicked in on Wednesday.
The move came after the Trump administration followed through on a threat to add a 50% tariff on Chinese goods, in addition to 34% reciprocal tariffs, raising the overall tariff rate on Chinese goods to 104%. The steep new duties on China and 184 other US trading partners took effect at 12:01 a.m. ET on Wednesday.
Beijing’s move marks further deterioration in US-China trade relations, after China vowed on Tuesday to “fight to the end” in the renewed trade war.
The information on the chart to which Trump was pointing when he announced the new tariff regime was based on specious calculations that do not reflect the reality of international trade.