{"id":25366,"date":"2025-04-09T16:05:16","date_gmt":"2025-04-09T16:05:16","guid":{"rendered":"https:\/\/usdailys.com\/?p=25366"},"modified":"2025-04-09T16:05:16","modified_gmt":"2025-04-09T16:05:16","slug":"china-announces-new-extreme-retaliation-tariffs-on-us-goods-after-trumps-104-taxes-take-effect","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=25366","title":{"rendered":"China announces new extreme retaliation tariffs on US goods after Trump\u2019s 104% taxes take effect"},"content":{"rendered":"

 <\/p>\n

 <\/p>\n

China has announced that it is introducing an additional 84 percent tariff on all goods imported into the country from the US.<\/strong><\/p>\n

The news was announced as President\u00a0Donald Trump<\/a>‘s 104 percent tax\u00a0on Chinese goods came into effect today\u00a0<\/a>(April 9), having said he would slap an extra 50 percent tax on the East Asian country – bringing the tariffs to a combined total of 104 percent.<\/p>\n

China’s retaliatory tariffs come into effect as of tomorrow.<\/p>\n

Stock markets in Europe have dropped further\u00a0<\/a>following the announcement, with the FTSE 100 index of the\u00a0UK’s<\/a>\u00a0biggest companies having dropped by 3.3 percent already today, the French Cac 40 is down four percent, as is the German Dax.<\/p>\n

\n
\n
\"President\"President<\/div>\n<\/div>\n

President Donald Trump and President Xi Jinping have been locked in a trade war since the Republican reclaimed the Oval Office (KIM KYUNG-HOON\/AFP via Getty Images)<\/cite><\/div>\n

US stock markets won’t open for just under two hours – 9.30am ET.<\/p>\n

Most of the US’ trading partners were hit with a baseline levy of at least 10 percent over the weekend, while as many as 60 countries are bracing for higher tariffs from today.<\/p>\n

 <\/p>\n

In his\u00a0‘Liberation Day’<\/a>\u00a0speech, Trump specifically identified the\u00a0European<\/a>\u00a0Union and China as the biggest culprits who ‘rip us off’ the most, and outlined reciprocal tariffs of 20 percent and 34 percent respectively.<\/p>\n

What tariffs did Trump announce on China?<\/strong><\/h2>\n

Within days of returning to the White House, Trump took aim at China, Mexico and\u00a0Canada<\/a>, accusing them of facilitating illegal immigration and drugs into the States.<\/p>\n

A 10 percent tariff was then applied to all Chinese imports to the US on February 4.<\/p>\n

This provoked China to strike back, applying 15 percent tariffs on coal and liquefied natural gas plus a 10 percent levy on crude oil, agricultural machinery and large-engine cars from the US as of February 10.<\/p>\n

\n
\n
\"President\"President<\/div>\n<\/div>\n

President Donald Trump’s 104 percent tariff on Chinese imports has now came into play (Kevin Dietsch\/Getty Images)<\/cite><\/div>\n

Then on March 4, Trump doubled the tariff on all Chinese imports to 20 percent.<\/p>\n

Continuing the to-and-fro momentum, China retaliated by announcing tariffs of up to 15 percent on US farm products, like chicken, pork, soybeans and beef.<\/p>\n

The POTUS then threatened to inflict a 25 percent tariff on all imports from countries that\u00a0buy oil or gas from Venezuela<\/a>, where China stands as the country’s biggest buyer, purchasing 68 percent of its oil in 2023,\u00a0reports<\/a>\u00a0PBS.<\/p>\n

On April 2, Trump then confirmed the US will charge a 34 percent tax on imports from China on top of the existing 20 percent, presenting a 54 percent hike in total.<\/p>\n

Then of course, an additional 50 percent tax was placed on goods today – taking the new combined total to 104 percent.<\/p>\n

\n
\n
\"President\"President<\/div>\n<\/div>\n

President Xi Jinping has introduced an additional 84 percent tariff on American goods (Ken Ishii – Pool\/Getty Images)<\/cite><\/div>\n

How did China respond?<\/strong><\/h2>\n

As expected, China isn’t best pleased with the move.<\/p>\n

Beijing declared in less than 72 hours that it would impose a 34 percent tariff on US products as of April 10 to match Trump’s tariffs.<\/p>\n

In response, Trump said China would have another 50 percent tax applied as of April 9 – bringing the tariffs to a combined total of 104 percent – if the country refuses to remove the levy.<\/p>\n

China’s Commerce Ministry has accused the US of ‘blackmail’ and ‘bullying’ and hinted more counter-tariffs could be on the way for American goods in the stand-off with Trump.<\/p>\n

The ministry said: \u201cThe US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US.<\/p>\n

\u201cChina will never accept this. If the US insists on its own way, China will fight to the end.\u201d<\/p>\n

The nation has also filed a lawsuit with the World Trade Organization (WTO), stating Trump’s tariffs ‘seriously\u00a0violates WTO rules<\/a>‘.<\/p>\n

And of course, China today hit back with a 84 percent retaliatory tariff.<\/p>\n","protected":false},"excerpt":{"rendered":"

    China has announced that it is introducing an additional 84 percent tariff on all goods imported into the country from the US. The news was announced as President\u00a0Donald … <\/p>\n","protected":false},"author":2,"featured_media":25367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/25366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25366"}],"version-history":[{"count":1,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/25366\/revisions"}],"predecessor-version":[{"id":25368,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/25366\/revisions\/25368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/media\/25367"}],"wp:attachment":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}