China Imposes 34% Tariff on U.S. Goods in Major Trade Retaliation

China’s Ministry of Finance has announced a 34% retaliatory tariff on all U.S. imports, effective April 10, in response to new duties imposed earlier this week by U.S. President Donald Trump’s administration. According to state media outlet Xinhua, the Chinese government called on the United States to immediately cancel its unilateral tariff measures and resolve differences through “equal, respectful and mutually beneficial”

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