China raises its retaliatory tariff on US goods from 34% to 84% (www.lemonde.fr)

submitted 4 months ago by misk@sopuli.xyz to c/news@beehaw.org

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China's Finance Ministry announced that, in reponse to US tariffs on imported Chinese goods being raised to 104%, it would raise its own tariffs on American products, effective Thursday, April 10.

China's Finance Ministry announced on Wednesday, April 9, that it was imposing additional tariffs on American products, increasing them "from 34% to 84%," in an additional countermeasure to a further increase in US tariffs on imported Chinese products, announced by Donald Trump on Tuesday. On Wednesday, Trump's total 104% tariff rate on Chinese exports to the US went into effect.

"The US's practice of raising tariffs on China is a mistake on top of a mistake, which seriously infringes on China's legitimate rights and interests and seriously harms the rules of the multilateral trading system," the ministry announced in a statement. It added that the increase would take effect from 12:01 pm on Thursday, April 10.

Last week, China had said it would levy 34% tariffs on all US goods in response to Trump's announcement of tariffs on countries around the world.

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[-] SkyNTP@lemmy.ml 11 points 4 months ago

The US cutting off the rest of the world first does the exact opposite of this. No matter how big the US is, there's not a chance in hell the US can both compete with China and antagonize the rest of the world at the same time. This is pure fantasy.

this post was submitted on 09 Apr 2025

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