Trade war escalates as China hits back with 34% tariffs on all U.S. goods
Briefly

from www.npr.org3 days ago
China retaliated against new U.S. tariffs by imposing a 34% levy on American imports, escalating the trade conflict between the superpowers. The Chinese finance ministry's statement called for the U.S. to lift tariffs and engage in respectful negotiations. Analysts from Capital Economics warned that this aggressive response diminishes chances for an immediate resolution. Moreover, China introduced restrictions on U.S. companies, adding 16 firms to an export control list while putting 11 others on an ‘unreliable entity’ list, further complicating bilateral relations.
China's finance ministry said on Friday a 34% tariff will be imposed on all U.S. imports from April 10, mirroring President Trump's levy on Chinese goods.
www.npr.orghttps://www.npr.org/2025/04/04/g-s1-58250/trade-war-escalates-as-china-hits-back-with-34-tariffs-on-all-u-s-goods
This is an aggressive, escalatory response that makes a near-term deal to end the trade war between the two superpowers highly unlikely.
www.npr.orghttps://www.npr.org/2025/04/04/g-s1-58250/trade-war-escalates-as-china-hits-back-with-34-tariffs-on-all-u-s-goods
China urges the United States to lift its unilateral tariff measures and resolve trade differences through consultations in an equal, respectful and mutually beneficial manner.
www.npr.orghttps://www.npr.org/2025/04/04/g-s1-58250/trade-war-escalates-as-china-hits-back-with-34-tariffs-on-all-u-s-goods
The latest Chinese countermeasures included restrictions on U.S. companies and rare earth exports, adding 16 U.S. entities to an export control list.
www.npr.orghttps://www.npr.org/2025/04/04/g-s1-58250/trade-war-escalates-as-china-hits-back-with-34-tariffs-on-all-u-s-goods
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