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.

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.

116 comments

Serious question.

They didn’t put this on Canada right? So shouldn’t prices in Canada stay relatively low?

Wouldn’t China want to buy more from Canada and vice versa?

Surely corporates won’t price gouge this time

/s
With USA committing political and economic suicide, the road is now clear for China to become the world dominating power.
I just hope they will take a graceful approach to their role, when nobody is in a position to oppose them.
Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.
If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
Is Orange Turd going to complain how unfair this is?
So now the US will have to watch out for Switch 2s and iPhone 17s beings smuggled in at the Canadian border along with the eggs.
Who's gonna benefit from all this extra taxes? Public services will sky rocket in 2025!
The Yanks are making enemies everywhere! Except Russia that is...
jokes on them ... how they gonna tariff empty shipping containers ?
They tariffed US. US finally responds. Now China wants to tariff that, ok. All I can say, Walmart is screwed if they don’t switch back to US first.
Where is Korea and Japan answer to the tariffs?

116 comments