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China Raises Tariffs on US Goods To 84% as Rift Escalates
China retaliated against the US after new tariffs imposed by President Donald Trump, announcing it would raise the tariff on US goods to 84%, escalating the trade conflict between the world's two largest economies. From a report: The Chinese countermeasures are effective April 10, according to a gov...
China's move came after Trump's latest tariffs went into force at midday Wednesday in Beijing, taking the cumulative rate announced this year to 104%. Where US-China Decoupling Is Hardest: After decades of trade integration, Chinese companies have become increasingly essential suppliers of goods and materials that range from niche to ones many Americans can barely do without. At $41 billion last year, smartphones -- largely consisting of Apple's iPhones -- were the single largest US import from China.
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