China to impose 34% retaliatory tariff on all goods imported from the U.S.
China to impose 34% retaliatory tariff on all goods imported from the U.S.
www.cnbc.com China to impose 34% retaliatory tariff on all goods imported from the U.S.
Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
KEY POINTS
- China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
- The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
- U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.
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