China raises tariffs on US goods to 84%

On April 9, the Chinese government announced that it would impose an additional 50% tariff on US imports. Together with the previously announced 34% retaliatory tariff, the tariff rate will reach 84%. It will be launched at 0:01 p.m. on the 10th (0:01 p.m. Beijing time on the same day).

The Trump administration of the United States imposed an 84% tariff on Chinese products on April 9. China announced its retaliatory measures this time.

On April 2, US President Trump announced that he would impose a 34% reciprocal tariff on China. Because China said it would impose a 34% retaliatory tariff, Trump raised the tariff by 50%. China also raised the same rate this time.

The Chinese Ministry of Commerce said that it has filed a lawsuit with the World Trade Organization (WTO) against the United States for imposing a 50% tariff. In a spokesperson’s speech on the 9th, the Chinese Ministry of Commerce criticized the US measures as “making a mistake on top of a mistake, highlighting the unilateral bullying nature of the US measures.”

China’s restrictions on US companies will also be strengthened. On the grounds of military cooperation with Taiwan, six US companies involved in aircraft manufacturing and other matters were included in the unreliable entity list. Imports and exports related to China and new investments in China were prohibited. The implementation of the tariff increase was also implemented on the 10th.

Trump’s second administration imposed a total of 104% additional tariffs on China.