China-as tariff war: US President Donald Trump on Wednesday (2 April 2025) announced a tariff on 57 countries of the world. However, later Trump has also changed the rate of tariff, giving relief to some countries. Meanwhile, China on Friday (4 April 2025) retaliated on the US and decided to impose an additional fee of 34 per cent on all the products imported from there. This has been done in response to US President Donald Trump’s decision to impose a 34 per cent fee on exports from China.
China’s action on 16 US companies
According to the report of news agency Xinhua, these fees will be levied on American goods from April 10. After the US imposed counter -duty on business partners, China has filed a complaint with the World Trade Organization (WTO). China has also decided to ban the export of double -use items to 16 American companies.
China opposed American
The Chinese Commerce Ministry spokesman said on Thursday (3 April 2025) that China firmly opposed the American tariff and will retaliate and protect its interests. Donald Trump has imposed a strict tariff of 34 percent on his big business partner China. The American tariff may shock the Chinese economy as it is already struggling with problems like debt crisis and decreasing consumption in the real estate sector.
No increase in tariffs- China
On behalf of China, it said, “America claims that it has suffered a loss in international trade, so with the excuse of alleged equality, all businessmen will be imposed a mutual tariff. The US concluded the recipe -rifle tariff based on its unilateral evaluation, which is not in line with international business rules. Increase in tariffs will not solve America’s question. It will not solve America’s question. Damage to the stability of the chain. “
Trump on Wednesday announced imposing a 34 per cent duty on import of Chinese goods, which was introduced as part of the Comprehensive Liberation Day package with the objective of giving a new look to the US trade policy. After this decision, the total fee on China’s goods on entry into America increased to 54 percent.
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