China hits back at Trump tariffs with 34% tax on US goods, export curbs
Al Jazeera
Beijing says it will impose additional 34 percent tax on US goods from next week in retaliation to Washington’s tariffs.
China has announced a slew of countermeasures against tariffs imposed by United States President Donald Trump, including additional tariffs of 34 percent on all goods and curbs on the export of some rare earths, deepening an escalating trade war.
Trump on Wednesday announced that China would be hit with a 34 percent tariff, on top of the 20 percent he imposed earlier this year, bringing the total new levies to 54 percent.
On Friday, China’s Ministry of Finance said the additional tariffs would be imposed from April 10. Beijing has previously imposed tariffs of 15 percent on imports of coal and liquefied natural gas (LNG) from the US in retaliation for Washington’s 10 percent levies on Chinese goods.
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Beijing says it will impose additional 34 percent tax on US goods from next week in retaliation to Washington’s tariffs.