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.

https://archive.ph/ZmcZJ

  • Tygr@lemmy.worldEnglish
    426·
    19 hours ago

    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.

    • OmegaLemmy@discuss.onlineEnglish
      3·
      2 hours ago

      Let’s say you’re right, does china import more from USA or does USA import more from china?

      USA generally using Chinese materials for their end products, and with trump he essentially destroyed profit for companies that don’t adjust prices, and rear ended customers that buy at newly adjusted prices

      These companies won’t stop buying from china for materials, even with tariffs it’s the most reliable chain and is still cheaper than other alternatives barring India or maybe South Korea or Japan

      But whatever, revenge is more important.

    • NotJohnSmith@feddit.ukEnglish
      10·
      18 hours ago

      I can’t find details of what China’s existing tariffs on the US were? I’m not saying I don’t belief you, I’m interested in what they were - any chance you could link me to the details please?

      • DrDominate@lemmy.worldEnglish
        2·
        1 hour ago

        According to MSN’s timeline of the tariff war, it started with Trumps first term where he enacted Tariffs on China in 2017-2018. So it looks like Trump started it.