Foreign
Tariff war: China Retaliates with Increased Tariffs Amid Trade Tensions.
China has escalated its trade dispute with the United States by raising tariffs on U.S. imports to 84 percent, a significant increase from the previous 34 percent effective by April 10th. This action follows closely on the heels of the Trump administration’s near doubling of duties on Chinese goods.
Global markets have reportedly reacted negatively to the imposition of these latest U.S. tariffs. A Chinese foreign ministry spokesperson has condemned the U.S.’s actions as “arrogant and bullying,” referencing the 104% duties imposed by the Trump administration.
The spokesperson further stated that the U.S. must adopt an attitude of equality, respect, and mutual benefit to facilitate meaningful dialogue and negotiation in resolving the ongoing trade conflict.