China says it raises its tariffs on U.S. products to 34% previously announced, to 84% after President Trump’s good import tariffs on China Take effect Today at 104%.
Mr. Trump’s extensive tariffs, applicable to imports in almost every country, began after ET
China’s announcement signaled that Beijing did not retreat in a global trade war in which Mr. Trump decided to impose so-called “reciprocal tariffs.” Almost every country. In response to the announcement, China said it would impose the same obligation (34% at the time) on the U.S. Import Commission to fight back, prompting Mr. Trump to impose an additional 50% tariff on Chinese imports.
With the previously announced tariffs, Mr. Trump raised the total tariff rate for Chinese-made products to 104%, a fee paid by U.S. companies that import products from China. Experts say the companies could transfer the cost of all or some import taxes to U.S. consumers, hiking everything from iPhones to Chinese-made clothing.
In a statement on April 9, China said Mr. Trump decided to add another 50% of the tariffs as “wrong mistakes.” It also called Trump’s tariffs an example of “unilateral, protectionism and economic bullying.”
The latest moves Beijing took on Wednesday include adding 11 U.S. companies to the so-called “unreliable entities” list that would ban Chinese companies from selling dual-use goods. Among these companies are American Photonics and Synexxus, both of whom work with the U.S. military.
So far, China seems to be uninterested in bargaining. Foreign Ministry spokesman Lin Jian said: “If the United States does want to resolve the issue through dialogue and negotiation, it should adopt an equal, respectful and reciprocal attitude.”
According to the U.S.-China Business Council, the China is the third largest U.S. export market in 2023, and since then, Canada and Mexico have shipped $145 billion of goods to Asian countries that year. Oil seeds and cereals are the highest exports sent by the United States to China, followed by oil and gas.
