China has declared its intention to implement additional tariffs of 34 percent on imports from the United States, responding to similar duties introduced by President Donald Trump this week as part of his assertive trade policy.
The Ministry of Commerce announced on Friday (today) that this tariff will apply to all goods imported from the US, effective April 10.
According to the Financial Times on Friday, tariffs on Chinese exports are expected to exceed 60 percent following the US president’s announcement of “reciprocal” tariffs of 34 percent, which will be added to existing tariffs.
Beijing has criticized the new US tariffs as “a typical unilateral bullying tactic” that “violates international trade regulations and significantly undermines China’s legitimate rights and interests.”
More details shortly…
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