China to Impose Tariffs on 34% of U.S. Goods Starting April 10, 2025

China has announced plans to impose tariffs on 34% of all U.S. goods starting April 10, 2025, escalating tensions between the two economic giants. This move comes in response to recent U.S. tariffs on Chinese products, signaling a deepening trade war. The new tariffs are expected to affect a wide range of American exports, from agricultural products to industrial goods, potentially impacting U.S. businesses and consumers.

Analysts suggest that China's strategy is not only a retaliation but also an attempt to leverage its position in global trade negotiations. The announcement has led to immediate reactions in financial markets, with U.S. stocks experiencing volatility as investors assess the potential economic fallout. Countries like Cambodia, Laos, and Myanmar, heavily reliant on Chinese trade, are bracing for indirect impacts from these tariffs.

Former President Donald Trump, who initially introduced significant tariffs on China during his term, has commented on the situation, calling it a 'golden opportunity' for the U.S. to negotiate better trade terms. The ongoing trade dispute continues to be a significant concern for global economic stability, with experts closely monitoring the situation for further developments.

• April 10
• China
• Donald Trump
• United States

Detailed

China hits back at Trump tariffs with own taxes, export curbs

14 hours ago

- reuters

Trump tariffs spark global trade war: Live updates | CNN Politics

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- cnn

Trump tariffs live: China hits back with extra 34% tax on US goods, deepening market turmoil

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The Rest of the World Is Bracing for a Flood of Cheap Chinese Goods

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Related issues news

Does China charge tariffs on US goods?

BEIJING/WASHINGTON/BRUSSELS, April 4 (Reuters) - China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.

When was the last tariff war?

An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft ...

What does China import from the US?

In 2023, United States exported $154B to China. The main products exported from United States to China were Soybeans ($15.2B), Crude Petroleum ($10.7B), and Petroleum Gas ($10.3B).

What do the tariffs mean for the stock market?

The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with US markets having their worst day since the impact of the Covid pandemic in 2020. Traders are concerned the tariffs will increase prices and weigh on growth in the US and abroad.