Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China levied a retaliatory 34% tariff on all US products starting April 10.
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The drop follows European markets slumping further after China hit back at US import taxes with an additional 34% tariff.
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What does the U.S. export to China? Here’s what could be hit by tariffs.
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Oil plunges to lowest since pandemic; natural gas, soy slump as China retaliates
Oil prices plunged on Friday to the lowest level since 2021 and commodities including natural gas and soybeans also dived as China retaliated against U.S. President Donald Trump’s aggressive tariffs.
China hits back hard in global trade war with tariffs on US goods
By Trevor Hunnicutt, Mei Mei Chu and Susan Heavey PALM BEACH, Florida/BEIJING/WASHINGTON (Reuters) -China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald…
Oil tumbles 8% as China retaliates with tariffs on U.S
Oil prices plunged by 8% on Friday, heading for their lowest close since the midst of the coronavirus pandemic in 2021, as China hit back in an escalating global trade war with the U.S. after…
China hits back with 34% tariff on US goods after Trump’s trade salvo
China hits back at Trump’s tariff hike with a 34% duty on all US goods from April 10, escalating tensions as fears of a deepening trade war between the two growing nations …
China ‘Played It Wrong,’ Trump Says After Beijing Unveils More Tariffs
President Trump appeared to dismiss China’s latest retaliation to U.S. tariffs, in a social-media post early Friday. “China played it wrong, they panicked—the one thing they cannot afford to do!” he s …
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