China has imposed 84% retaliatory tariffs on US goods following President Trump’s move to raise tariffs on Chinese imports to over 100%. In addition, China restricted 12 US firms and sanctioned six others, as the EU also joined with countermeasures. Despite rising tensions, Beijing signaled openness to negotiation while global markets reacted with sharp volatility.
BRICS bridge- China has imposed retaliatory tariffs of 84% on US goods, escalating tensions in the ongoing trade war between the two largest economies. The move follows US President Donald Trump’s decision to increase tariffs on Chinese imports by an additional 50 percentage points, bringing the total levy to at least 104% on all Chinese goods. China’s State Council Tariff Commission criticized the US action as “a mistake upon mistake,” stating that it severely undermines China’s legitimate rights and the multilateral trading system.
In addition to the tariffs, China’s Ministry of Commerce has imposed export controls on 12 American companies, barring them from receiving dual-use items, and added six US firms to its “unreliable entity list,” banning them from trading or investing in China. The European Union also announced retaliatory duties on US imports, responding to a sharp increase in US tariffs on steel and aluminum. US Treasury Secretary Scott Bessent dismissed China’s actions, calling it a “loser” for China and emphasizing the imbalance in trade relations.
Despite the confrontational tone, China has left the door open for negotiation, urging the US to demonstrate “equality, respect, and mutual benefit” in resolving the trade war. A Chinese Foreign Ministry spokesperson reiterated that China does not seek a trade war but will firmly defend its interests. The escalating tariffs have caused global market fluctuations, with Asian and European markets declining and US stocks opening mixed. China’s export sector, a key driver of its economy, is bracing for potential impacts amid slowing growth.
https://edition.cnn.com/2025/04/09/business/china-us-tariffs-retaliation-hnk-intl/index.html___