On April 11, China dismissed Trump’s moves as a “joke” and raised its own tariff against the US to 125%
The heightened tariffs against China took effect at the same time Thursday as retaliatory levies of 84 percent slapped on by Beijing on US imports.
"The US continues to abuse tariffs to pressure China"
China, which retaliated with 34 percent duties on US goods, is the largest importer of US agricultural products
China announces 34% additional tariffs; Stock markets around the world keep falling, banks hit hard
Beijing slaps 15% levy on US LNG, coal; 10% on crude, farm equipment
However, China will be the most affected under Trump since he said there would be an additional 10 percent duty for goods coming from the Asian giant.
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation.
Even before taking office, Trump has raised the prospect of fresh levies on companies, countries and groups of states as he seeks to implement his agenda
On April 11, China dismissed Trump’s moves as a “joke” and raised its own tariff against the US to 125%
The heightened tariffs against China took effect at the same time Thursday as retaliatory levies of 84 percent slapped on by Beijing on US imports.
"The US continues to abuse tariffs to pressure China"
China, which retaliated with 34 percent duties on US goods, is the largest importer of US agricultural products
China announces 34% additional tariffs; Stock markets around the world keep falling, banks hit hard
Beijing slaps 15% levy on US LNG, coal; 10% on crude, farm equipment
However, China will be the most affected under Trump since he said there would be an additional 10 percent duty for goods coming from the Asian giant.
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation.
Even before taking office, Trump has raised the prospect of fresh levies on companies, countries and groups of states as he seeks to implement his agenda
Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
