China has announced a 34% tariff on all US imports set to take effect on April 10 in response to President Trump's recently imposed tariffs, which had already reached 54% overall. China's foreign ministry criticized the US tariffs for violating WTO rules and disrupting global trade. Ongoing retaliatory measures have targeted various sectors of US exports, specifically in agriculture. Analysts suggest that China's responses will follow a strategy that could include stronger retaliatory actions if tensions worsen, aiming to preserve negotiation space.
China announced it will impose a 34% tariff on all US imports starting April 10, matching recent US tariff measures against Chinese goods.
Chinese foreign ministry spokesperson Guo Jiakun stated that the US tariffs violate WTO rules and undermine the multilateral trading system, urging for consultation.
Retaliatory measures from China stem from Trump's tariffs, which have escalated to 54% since he took office, affecting various sectors and trade agreements.
Analysts predict China's responses will be phased, with the potential for stronger actions reserved for further escalations in trade tensions.
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