08.04.2025 20:10
The United States has made its decision regarding China, which has not backed down from a 34% customs duty retaliation. The White House announced that an additional 104% customs duty will be applied to products originating from China starting today.
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The new customs tariffs announced by U.S. President Donald Trump last week have shaken global markets. As reactions poured in from various countries, China did not delay in retaliating. Beijing announced that it would impose a 34% tax in response to the U.S.'s 34% customs duty.
104% ADDITIONAL CUSTOMS TAX FROM THE U.S. TO CHINA
Trump called on Beijing to reconsider its decision. The U.S. decided to increase taxes on China, which did not back down. The White House announced that an additional customs tax of 104% on products originating from China has come into effect. It was stated that the decision would be valid starting tomorrow.
MUTUAL CUSTOMS TARIFFS IMPOSED BY THE U.S.
On April 2, Trump signed a decree imposing additional customs duties on all products imported into the U.S. The White House had announced that these tariffs would come into effect on April 9. The Washington administration decided to impose a total of 34% additional customs tariffs, consisting of a 10% base tariff plus an additional 24% "mutual tariff" on China. With the new tariff increases, the minimum customs tariff applied by the U.S. on products imported from China had risen to 54%.
34% TAX RETALIATION FROM CHINA
China was the first country to respond to the U.S. tariff increases, announcing that it would impose an additional tariff of the same rate against the 34% tariff increase. The Beijing administration also filed a lawsuit against the U.S. at the World Trade Organization, imposed restrictions on the export of certain rare earth elements, and announced sanctions against U.S. companies.
In response, Trump stated that if China did not withdraw the additional 34% tariff increase imposed in retaliation for the mutual tariffs by April 8, he would impose an additional 50% tariff and cancel the planned talks with China. China, on the other hand, announced that it would not back down against Trump's threat of a 50% additional customs tariff and would take determined measures to protect its rights and interests.
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