Dynamite News Dollar vs Yuan: China Announces 84% Additional Tariffs On US Goods
China has retaliated against new U.S. tariffs by announcing 84% duties on American goods, more than double its previous 34% rate. This comes after the U.S. imposed 104% tariffs on Chinese imports. Read more at Dynamite News.
New Delhi: As the trade war between the United States and China intensifies, Beijing on Wednesday announced it will impose tariffs of up to 84% on US goods starting Thursday, a sharp increase from the previously announced 34%. This move comes as a direct counter to the US imposing 104% tariffs on Chinese imports.
Also Read |
Trump doubles down on plan to enforce reciprocal tariff on India
According to Dynamite News correspondent, China has retaliated against US tariffs by announcing an additional 84% duty on American goods. This is a textbook trade war escalation. Just yesterday, Donald Trump warned that if China refused to lower its existing tariffs, the US would raise its own to 104%, a measure that took effect at midnight last night. Now, with Beijing’s countermove, the ball is back in Washington’s court. The big question is: How will Trump respond next?"
Also Read |
Allah has kept me alive for a reason, I will come back', Sheikh Hasina told supporters