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China Imposes 34% Tariffs on All US Goods in Response to Escalating Trade Dispute

China Imposes 34% Tariffs on All US Goods in Response to Escalating Trade Dispute

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China has responded to US President Donald Trump's tariffs with its own levies, imposing a 34% tariff on all US goods starting from April 10. This is seen as the first major economy to retaliate against Trump's tariffs.

Kristalina Georgieva
International Monetary Fund
1. It is important to avoid steps that could further harm the world economy. We appeal to the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty.
Chinese Commerce Ministry
1. China has filed the WTO complaint with respect to the United States' measures.
2. The purpose of the Chinese government's implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation.
Christopher Luxon
New Zealand Government
1. It ends up driving higher prices for US consumers, higher inflation, slows down growth and, as a result, that puts real pressure in across the world.
Donald Trump
Republican Party
1. China played it wrong, they panicked - the one thing they cannot afford to do!
Marco Rubio
Republican Party
1. Their economies are not crashing. Their markets are reacting to a dramatic change in the global order in terms of trade.
Howard Lutnick
US Department of Commerce
1. Let Donald Trump run the global economy. He knows what he's doing.
Caixin
1. The scope and level of the tariff increases exceed expectations.
Lynn Song
ING bank
1. The hike in tariffs was more aggressive than expected.
2. Many were expecting a range of 10-20 percent tariffs. This sort of aggressive move will probably risk some retaliation from the bigger players, though smaller countries could choose to try and negotiate for a lower rate.