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  5. China raises retaliatory tariffs to 84%

China raises retaliatory tariffs to 84%

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China and the US are engaged in a trade war, with both countries imposing tariffs on each other's goods. The US has imposed a 104% tariff on Chinese goods, which China has responded to by raising its tariffs on US goods from 34% to 84%.

  1. World Trade Organization
    1. China filed a WTO complaint against United States' further 50% additional tariff measures on Chinese products.
  2. CN
    Lin Jian
    Chinese Ministry of Foreign Affairs
    1. We Chinese are not troublemakers, but we will not flinch when trouble comes our way.
  3. HU
    Peter Szijjarto
    Fidesz
    1. Such measures would cause further damage to [the] European economy and citizens by raising prices. The only way forward is negotiations, not retaliation.
  4. US
    Karoline Leavitt
    Republican Party
    1. America does not need other countries as much as other countries need us, and President Trump knows this. He's going to use the leverage of our markets and our country to the advantage of the people he was sworn in to represent.
  5. US
    Donald Trump
    Republican Party
    1. If China does not withdraw its 34 percent increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th.
    2. Right now Japan is flying here to make a deal. South Korea is flying here to make a deal. And others are flying here … Our problem is, we can't see that many that fast.
    3. This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing.
    4. China also wants to make a deal, badly, but they don't know how to get it started.
    5. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate.
  6. US
    Jamieson Greer
    US Trade Representative
    1. We must move away from an economy that's based solely on government spending and the financial sector, and we must become an economy based on producing real goods and services that provide jobs for working class and middle class Americans in their communities.
    2. Other countries did not. Other countries signalled that they'd like to find a path forward on reciprocity. China has not said that, and we will see where that goes.
  7. US
    Jamie Dimon
    JPMorgan Chase
    1. I think probably [a recession is] s a likely outcome, because markets, I mean, when you see a 2000-point decline [in the Dow Jones industrial average], it sort of feeds on itself, doesn't it.
    2. It makes you feel like you're losing money in your 401(k), you're losing money in your pension. You've got to cut back.
  8. US
    Scott Bessent
    US Treasury Department
    1. I think what a lot of people are missing here is that the levels that were put out last Wednesday are a ceiling, if you don't retaliate.

Trump's tariffs

  1. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers
  2. Donald Trump Announces 90-Day Tariff Reduction with China
  3. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva

sources

  1. 1.El Paìs
  2. 2.France 24
  3. 3.Al Jazeera
  4. 4.The Times of India
  5. 5.Le Monde
  6. 6.The Guardian
  7. 7.The Korea Herald
  8. 8.The Times
  9. 9.DW News
  10. 10.South China Morning Post
  11. 11.Agence France-Presse
  12. 12.CNBC

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.ArgentinaAR
  2. 2.AustraliaAU
  3. 3.BrazilBR
  4. 4.ChinaCN
  5. 5.GermanyDE
  6. 6.SpainES
  7. 7.FranceFR
  8. 8.United KingdomGB
  9. 9.Hong KongHK
  10. 10.HungaryHU
  11. 11.IsraelIL
  12. 12.IndiaIN

organizations

  1. 1.White HouseUS
  2. 2.AppleUS
  3. 3.Truth Social
  4. 4.World Trade Organization
  5. 5.Dow Jones
  6. 6.European Commission
  7. 7.Christian Democratic Union
  8. 8.Republican Party
  9. 9.ByteDance LtdCN
  10. 10.Chinese Commerce MinistryCN
  11. 11.Communist Party
  12. 12.DuPont

persons

  1. 1.Donald TrumpUS
  2. 2.Lin JianCN
  3. 3.David Charter
  4. 4.Jack Barnett
  5. 5.Karoline LeavittUS
  6. 6.Jamieson GreerUS
  7. 7.Samuel Lovett
  8. 8.Scott BessentUS
  9. 9.Benjamin NetanyahuIL
  10. 10.Bruno Waterfield
  11. 11.Bryan Quinn
  12. 12.Elon MuskUS

technicals

  1. 1.iPhone
  2. 2.First and Second Anglo-Dutch Wars
  3. 3.Make America Great Again
  4. 4.British Empire
  5. 5.General Agreement on Tariffs and Trade
  6. 6.Mornings With Maria
  7. 7.Oval Office
  8. 8.South China Sea
China raises retaliatory tariffs to 84%