China on Thursday (Apr 3) said it “firmly opposes” sweeping new US tariffs on its exports and vowed countermeasures to safeguard its interest.
US President Donald Trump earlier announced a 10 per cent baseline tariff on all imports to the US and higher duties on dozens of other countries, including some of Washington’s biggest trading partners.
Chinese imports will be hit with a 34 per cent tariff, on top of the 20 per cent levy that he previously imposed on the country, bringing the total new levy to 54 per cent. Close US allies were not spared, including the European Union, which faces a 20 per cent tariff.
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