China Raises Tariffs on U.S. Goods to 84%

New Tariff Rates Set to Take Effect on April 10

China has raised tariffs on U.S. imports to 84%. This move escalates trade tensions between the two countries. The tariff increase is a response to recent actions by the United States. The new tariffs will take effect on April 10. The Commission on Customs Tariffs under China’s State Council confirmed this change.

Impact of the New Tariff Rates

The tariffs will rise from 34% to 84% on U.S. imports. This increase will have widespread effects on trade. China’s statement said the U.S. tariff escalation “violates China’s rights.” It also undermines the rules-based multilateral trading system.

Additionally, China plans to file a lawsuit with the World Trade Organization (WTO). This legal action is in response to the U.S. tariffs. China sees these moves as unfair trade practices by the U.S.

U.S. Tariff Changes and Global Trade

The U.S. previously raised its tariffs on Chinese goods from 54% to 104%. This increase took effect on April 9. The U.S. also considered imposing a 50% tariff on Chinese goods. In response, China vowed to “fight to the end.” China promised to take countermeasures to protect its economic interests.

On April 2, President Trump announced new large-scale tariffs. These include a 10% minimum tariff on imports from all countries. These tariffs took effect on April 5. Additional higher duties will be levied on countries with large trade deficits with the U.S.

Conclusion

The U.S.-China tariff escalation continues to strain global trade relations. The new tariffs will take effect soon. Both U.S. and Chinese companies are bracing for the potential impacts. The trade battles between these two nations will continue to have economic consequences worldwide.