China’s State Council Tariff Commission announced Friday it will impose 34% retaliatory tariffs on U.S. products, days after the Trump administration announced 34% tariffs on Chinese products.
The announcement from China comes days after President Donald Trump revealed his slate of “reciprocal” tariffs on the world. Trump’s tariffs included a baseline 10% tariff on all imports and higher rates for some other countries, including China.
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Trump announced a new 34% tariff of all imports from China into the U.S., on top of a previous 20% tariff levied on the country, which will bring the total tariff to 54%. On Friday, China announced it would match the new reciprocal tariff by placing
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