China says it raises its tariffs on U.S. products to 34% previously announced, to 84% after President Trump’s good import tariffs on China Take effect Today at 104%.
Mr. Trump’s extensive tariffs, applicable to imports in almost every country, began after ET
China’s announcement signaled that Beijing did not retreat in a global trade war in which Mr. Trump decided to impose so-called “reciprocal tariffs.” Almost every country. In response to the announcement, China said it would impose the same obligation (34% at the time) on the U.S. Import Commission to fight back, prompting Mr. Trump to impose an additional 50% tariff on Chinese imports.
With the previously announced tariffs, Mr. Trump raised the total tariff rate for Chinese-made products to 104%, a fee paid by U.S. companies that import products from China. Experts say the companies could transfer the cost of all or some import taxes to U.S. consumers, hiking everything from iPhones to Chinese-made clothing.
In a statement on April 9, China said Mr. Trump decided to add another 50% of tariffs as “wrong mistakes.” It also called Trump’s tariffs an example of “unilateral, protectionism and economic bullying.”
