India Morning News
In a significant development in the ongoing trade tensions between the United States and China, the Chinese government has announced the imposition of an additional 84% tariff on goods imported from the United States. The new tariffs will come into effect on April 10, 2025.
This decision follows the United States’ recent move to impose a 104% tariff on Chinese imports, a measure that has drawn strong criticism from Beijing. The Chinese Ministry of Commerce stated that the retaliatory tariffs are intended to “safeguard national economic interests and ensure fair trade practices.”
The newly announced tariffs are expected to impact a wide range of sectors, including agriculture, pharmaceuticals, and aircraft manufacturing, potentially affecting global supply chains and increasing costs for businesses and consumers in both countries.
This escalation underscores the deepening rift in trade relations between the world’s two largest economies and raises concerns about prolonged economic disruptions.
Further updates will be provided as the situation develops.
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