China Responds to Trump with 50% Tariff Increase on US Goods

Hours after Donald Trump’s new tariffs went into effect, Beijing announced retaliatory measures – an additional 50 percent tariff on U.S. goods, on top of the planned 34 percent, and adding 12 U.S. companies to an export control list.

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«”The U.S. move to raise tariffs on China is a blunder that seriously infringes on China’s legitimate rights and interests and harms the rules-based multilateral trading system,” the country’s Tariff Commission said in a statement. Last week, China announced a 34 percent tariff on U.S. imports, matching the rate the U.S. had imposed on Chinese goods. Trump reacted with displeasure, adding a new 50 percent levy, which China has now adopted in mirror order.

New US tariffs on goods from China and other countries took effect today; for China, the 84% rate is added to the existing 20%, for a total of 104%. China’s 84% ​​levy on US goods will take effect tomorrow, April 10. In addition to the increased tariffs, China has added 12 US companies to its export control list – 16 more were added a week ago. These companies are prohibited from exporting dual-use goods – anything that can be used for both civilian and military purposes. A vote will be held today on retaliatory tariffs on US goods imported into the EU.