Brief by Shorts91 Newsdesk / 01:53pm on 04 Apr 2025,Friday International
China will impose a 34% tariff on US goods from April 10, retaliating against US President Donald Trump's 54% tariffs on Chinese imports. Beijing's finance ministry said the US action violates international trade rules. The new Chinese tariff mirrors the latest US "reciprocal" tariffs. Additionally, China has announced restrictions on 33 US entities, citing national security and Taiwan issues. Six American firms lost export qualifications over food safety. Sixteen others were added to China’s "export control" list, and 11 firms were placed on the “unreliable entity” list for alleged military cooperation with Taiwan. The move escalates ongoing US-China trade tensions. (PC: Reuters)
