MBABANE:China unveiled retaliatory tariffs of 84% on imports of US goods on Wednesday, matching additional tariffs imposed by US President Donald Trump earlier in the day and further inflaming a trade war between the world’s two biggest economies, the Cable News Network(CNN) reported on Wednesday afternoon.
“Trump’s sweeping “reciprocal” tariffs took effect earlier on Wednesday. China was the hardest-hit nation, with a levy now totaling at least 104% on all its goods. The two countries have been involved in a game of tit-for-tat on trade, with Beijing standing firmly against each new tariff introduced by Washington.The trade war widened further on Wednesday after the European Union announced it would begin collecting retaliatory duties on US imports starting Tuesday,” CNN reported.
Chinese President Xi Jinping attend the closing of the Third Session of the 14th National People's Congress (NPC) at the Great Hall of the People on March 11, 2025 in Beijing, China(Getty images).