China’s Ministry of Finance has announced 34 percent tariffs on all U.S. goods in response to U.S. President Donald Trump’s latest tariff order.
Trump announced sweeping tariffs 2 April targeting nearly every country in the world with a baseline 10 percent tariff. As part of the trade action, China was hit with an additional 34 percent tariff, adding to two existing tariff actions to reach a 54 percent tariff on Chinese goods.
China announced its own 34 percent tariff on all U.S. goods in a direct response to the “reciprocal tariffs” imposed under Trump’s latest order.
“This practice of the U.S. is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” China’s Ministry of Finance said.
The ministry said any goods that have been shipped by 10 April and are imported between 10 April and 13 May will not be subject to the new tariffs.
Alongside the tariff action, China has also ...
