China’s Shock To Trump: 84 Percent Retaliatory Tariffs On America
Internet/Hyderabad, April 9 (Maxim News): The trade war between China and the United States is intensifying with Trump’s tariff hike. The United States has previously increased import tariffs on China.
China has also warned Trump about this move. Trump recently announced that he will impose 104 percent tariffs on Chinese goods exported to the United States.
In retaliation, China announced from Beijing on Wednesday that it is also increasing tariff charges on the United States.
China’s Ministry of Finance said on Thursday that it is imposing tariffs of up to 84 percent. Until now, the US used to impose 34 percent tariffs on goods exported to China.
Now it has increased to 84 percent. Many countries are unhappy with the US’s approach after Trump’s tariff hike. (Maxim News)
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