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The transfer follows President Donald Trump’s “reciprocal” duties on all Chinese language items
China will impose a 34% tariff on all imports from the US beginning April 10, the nation’s Finance Ministry introduced on Friday. The choice follows US President Donald Trump’s announcement of a 34% levy on Chinese language items within the newest escalation of a tariff conflict.
Beijing’s announcement comes after the Ministry of Commerce condemned the US tariffs, denouncing them as “unilateral bullying.”
Trump on Wednesday rolled out a broad new slate of tariffs starting from 10% to 49% on imports from all international locations, based mostly on what the US president known as the precept of reciprocity.
China – labeled one of many “worst offenders” by Trump – was hit with a brand new 34% tariff on its exports to the US, on prime of an current 20% levy, bringing whole duties to not less than 54%.
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