Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
  • China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
  • The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
  • U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://archive.ph/ZmcZJ

  • Tygr@lemmy.worldEnglish
    323·
    5 months ago

    They tariffed US. US finally responds. Now China wants to tariff that, ok. All I can say, Walmart is screwed if they don’t switch back to US first.

    • NotJohnSmith@feddit.ukEnglish
      10·
      5 months ago

      I can’t find details of what China’s existing tariffs on the US were? I’m not saying I don’t belief you, I’m interested in what they were - any chance you could link me to the details please?

      • DrDominate@lemmy.worldEnglish
        3·
        5 months ago

        According to MSN’s timeline of the tariff war, it started with Trumps first term where he enacted Tariffs on China in 2017-2018. So it looks like Trump started it.