China Retaliates Against US Tariffs, Escalating Trade War

In response to new tariffs imposed by President Trump, China announced retaliatory tariffs on US goods, escalating the trade war between the world's two largest economies. Starting April 10th, China will impose an 84% tariff on all US imports. This follows the implementation of the steepest US tariffs in a century, bringing the total US tariffs on Chinese goods to 104% this year. The move significantly intensifies the ongoing trade conflict.