China Imposes 34% Tariffs on US Goods in Retaliation
In response to President Trump’s sweeping new tariffs on goods from nearly 180 countries, China announced retaliatory 34% tariffs on all US goods, effective April 10th. Trump, on Truth Social, declared China’s actions a panicked mistake. This tariff war has prompted global market turmoil, with stock markets plummeting and world leaders expressing concern over the potential for widespread economic damage. China has also added 27 US firms to its sanctions list and filed a WTO lawsuit against the US tariffs.
John Q. Hosedrinker