Explained: China Retaliates Against US With 34% Tariffs - What It Means For Global Trade?
In a move that could further escalate global trade tensions, China has announced an additional 34% tariff on all U.S. imports, effective April 10, 2025. The announcement comes just days after the United States imposed new duties on a range of Chinese goods. As the first direct tariff response from any U.S. ally or adversary, the move has sparked growing concerns over the possibility of a full-scale global trade war.
