New Delhi: As the trade war between the United States and China intensifies, Beijing on Wednesday announced it will impose tariffs of up to 84% on US goods starting Thursday, a sharp increase from the previously announced 34%. This move comes as a direct counter to the US imposing 104% tariffs on Chinese imports.
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According to Dynamite News correspondent, China has retaliated against US tariffs by announcing an additional 84% duty on American goods. This is a textbook trade war escalation. Just yesterday, Donald Trump warned that if China refused to lower its existing tariffs, the US would raise its own to 104%, a measure that took effect at midnight last night. Now, with Beijing’s countermove, the ball is back in Washington’s court. The big question is: How will Trump respond next?"
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