China Unveils 34% Retaliatory Tariffs on U.S. Imports

China has announced it will impose additional tariffs of 34% on American imports, a move that escalates tensions between the two economic powerhouses. This announcement follows President Donald Trump’s unveiling of similar tariffs earlier this week, which are part of his aggressive trade strategy.

The Chinese Ministry of Commerce confirmed on Friday that these new tariffs will take effect on all imported goods originating from the United States starting April 10. This retaliatory measure is significant, as it compounds existing tariffs, pushing levies on Chinese exports to the U.S. above 60%.

Beijing has condemned the U.S. tariffs as “a typical unilateral bullying move,” asserting that they violate international trade rules and severely undermine China’s legitimate rights and interests.

The implications for global trade remain uncertain, with potential repercussions for markets and economies worldwide.

This is a developing story