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Developing | China hits back at US with 34% tariff on American imports in retaliation for Trump’s levies
China will impose a 34 per cent tariff on imported American goods in addition to existing tariffs in response to similar moves by the United States, further escalating trade tensions between the world’s two biggest economies.
The Chinese tariff will be effective from April 10, according to the State Council, China’s cabinet.
The retaliation comes in the wake of the 34 per cent tariff imposed on Chinese goods by the United States on Wednesday.
The swift response suggests that Beijing is going to play tough, instead of entering into negotiations with the US.
As part of the retaliatory measures, Beijing has also put controls on some Chinese exports to 16 American companies and suspended the eligibility of six US-linked companies to export to China.
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