Bank Of Baku

China raises tariffs on US goods to 84% as rift escalates

China raises tariffs on US goods to 84% as rift escalates
# 09 April 2025 15:22 (UTC +04:00)

China retaliated against the US after new tariffs imposed by President Donald Trump, announcing it would raise the tariff on US goods to 84%, escalating the trade conflict between the world’s two largest economies, APA reports, citing Bloomberg.

The Chinese countermeasures are effective April 10, according to a government statement Wednesday. China’s move came after Trump’s latest tariffs went into force at midday Wednesday in Beijing, taking the cumulative rate announced this year to 104%.

A day earlier, China vowed to “fight to the end” if the US insists on new tariffs. Chinese exports were already facing blanket levies imposed this year and punitive taxes from Trump’s first term and the following Biden administration.

China also added six firms to its unreliable entity list, and 12 US entities to its export control list.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED