China slaps 34% counter tariffs on US in retaliation for Wednesdays Prez Trumps Liberation Day tariffs on 180 countries including 60 offenders, steepest being on the communist dragon - EU draws up plans to counter - India shocked at 27% tariffs though it constitutes only 2.7% of the global trade with US.
China slaps tariffs on US imports: Trump’s Wednesday “Liberation Day” tariffs on 180 countries including 60 offending ones rattle global markets By Ashe Neil Hong Kong, April 04, 2025 China announced today it will impose reciprocal 34% tariffs on all imports from the United States starting April 10, in retaliation to what it calls President Donald Trump’s global trade war. Trump imposed an additional 34% tariffs on Chinese imports atop existing 20% making it cumulatively a steep 54% tax on Chinese good s which would now become very dear in the american market. The reaction could be american consumers could turn away from Chinese made goods to Indian goods or products from southeast Asia including Vietnam, Philippines, Malaysia, and from south Asia including Bangladesh and Sri Lanka. This would impose virtually a blanket ban on Chinese goods which is exactly what President Trump wants as he has been saying so...