China's Tariff Hike: What It Means for US Trade Relations
In a bold move, China has escalated its trade tensions with the United States by raising tariffs on American goods to 84%. This follows a previous announcement of a 34% tariff on all US imports. Meanwhile, tariffs imposed by the Trump administration on Chinese exports have also taken effect, reaching 104%. This article delves into the implications of these tariff hikes and what they mean for future US-China trade relations.
| Apr 9, 2025, 17:14 IST
China's New Tariff Measures
Bangkok: In a significant escalation, China has increased tariffs on imports from the United States to a staggering 84 percent as part of its latest counteraction.
This follows China's announcement last week of a 34 percent tariff on all US products.
Additionally, on Wednesday, tariffs imposed by Trump, reaching 104 percent, came into effect on Chinese goods exported to the United States.