Pakistan, April 9 — China has announced a substantial hike in tariffs on American goods. Following President Trump’s imposition of a 104% tariff, China responded with an extra 84%, which surpasses their earlier threat of a 34% increase. As each nation escalates measures against one another, the trade conflict between them continues to escalate.
On Wednesday, China’s Ministry of Finance disclosed the new tariff measures. This intensification represents a significant juncture in the persistent global trade dispute. President Trump’s tariffs came into play today, impacting numerous nations such as China. Consequently, this has heightened tensions and unpredictability within the worldwide markets.
Trump has also warned China. He stated that if Beijing does not lift its retaliatory tariffs, he will impose an additional 50% tariff on Chinese goods. He emphasized that countries imposing tariffs on the U.S. will face stricter measures. This limits any chance for diplomatic discussions since Trump has rejected potential talks.
Due to the increasing tariffs, global markets are facing strain. A substantial selloff of U.S. bonds has alarmed many investors. Treasury Secretary Scott Bentson described the fresh tariffs as “regrettable,” and he cautioned about severe repercussions for China’s economy. These ongoing disputes will undoubtedly pose difficulties for all parties involved.
