Refresh
China slaps 84% retaliatory tariffs on US
China has fired back at U.S. President Donald Trump’s aggressive tariff strategy, escalating the trade war with a sharp increase in levies on American imports, as reported by the AP.
Starting April 10, tariffs on U.S. goods entering China will jump from 34% to 84%.
This move directly responds to the U.S. raising tariffs on Chinese goods to over 100% as of midnight.
China has previously noted it won’t be “blackmailed” into complying with US demands and is pushing back hard. However, as some in the Trump administration have noted, China exports to the US nearly five times what the US exports to China, meaning any retaliatory tariffs will hit China harder than the US.
Current thinking theorizes that if China’s economy were to weaken sharply, it would weaken the grip of Chinese President Xi Jinping, potentially leading to civil unrest.
