BEIJING – China will impose 84 per cent tariffs on US goods from April 10, up from the 34 per cent previously announced, its finance ministry said on April 9, firing the latest salvo in a global trade war sparked by US President Donald Trump.
Mr Trump’s “reciprocal” tariffs on dozens of countries took effect earlier on April 9, including massive 104 per cent duties on Chinese goods.
The European Union is also preparing its own retaliatory measures for later on April 9.