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China Boosts Tariffs on U.S. Goods to 84%
On April 9th, 2025, China announced a significant escalation in the ongoing trade tensions with the United States by increasing tariffs on U.S. imports from 34% to an unprecedented 84%. The new tax policy is set to take effect starting from April 10, 2025, and will apply to all goods originating from the United States.
This drastic move by China’s State Council Tariff Commission comes in response to recent U.S. tariff hikes on Chinese products, as disclosed by China’s Ministry of Finance. The decision to boost tariffs is expected to create significant trade problems for businesses that rely heavily on U.S.-sourced goods across various sectors such as aerospace, technology, and agriculture.
Experts warn that this development could lead to major disruptions in global supply chains, which may have far-reaching consequences on the world economy.
Source: https://bitcoinik.com/china-boosts-tariffs-on-u-s-goods-to-84/
