China announced on Friday that it will impose a 34% tariff on all U.S. goods in retaliation for President Trump’s “Liberation Day” tariffs.
China announced on Friday that it will impose a 34 percent tariff on all U.S. goods in retaliation for President Donald Trump’s “Liberation Day” tariffs on Wednesday. The Chinese tariff hike is scheduled to take effect on April 10.
The Chinese government said it has filed a lawsuit with the World Trade Organization (WTO) over the Trump tariffs.
“The United States’ imposition of so-called ‘reciprocal tariffs’ seriously violates WTO rules, seriously damages the legitimate rights and interests of WTO members, and seriously undermines the rules-based multilateral trading system and international economic and trade order,” the Chinese Commerce Ministry said when announcing its retaliatory tariffs.
