Financial News

China Imposes 34% Retaliatory Tariff on All Goods Imported from the US

China’s Finance Ministry says Trump’s recent tariff imposition is “inconsistent” with international trade rules, undermining Chinese interests and endangering the global economic development and supply chain stability.

China is firing back on President Trump’s recent imposition of 10%-15% tariffs on some US agriculture goods in March and 10%-15% tariffs on some energy and farming machinery in February. China’s Finance Ministry announced Friday it will impose a 34% tariff on all goods imported from the US starting Thursday, April 10. Though a retaliatory action, the country means well. The ministry said China is admonishing the US to revoke its unilateral tariff measures and resolve trade differences t...

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