Trump's trade war: China hits back with tariffs on US goods
Photo: Donald Trump, 47th President of the United States of America (Getty Images)
China has announced the introduction of 34% tariffs on imported American goods in addition to existing duties. They will come into effect on April 10, the South China Morning Post reports.
On the morning of April 4, China's Ministry of Commerce issued a statement criticizing the new tariff regime of the United States, which "threatened the hard-won balance achieved through years of multilateral trade negotiations."
"This is a typical act of unilateral bullying," the media resource said, urging the US to remove the tariffs and resolve the issue through "fair and equal dialogue."
According to Reuters, the tariffs will take effect starting April 10.
At the same time, the Ministry of Commerce added 11 organizations to its list of "unreliable entities," which allows China to take punitive actions against them.
US trade war
On April 2, US President Donald Trump signed an executive order introducing tariffs on imports from many of America's trading partners. For some countries, the tariffs increased significantly. One of them was China. Among other things, Washington introduced 25% tariffs on all cars assembled in other countries.
Commenting on the move, China's Ministry of Commerce called for the immediate cancellation of the tariffs and threatened with "countermeasures."
