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China is matching Trump tariff for tariff. It has other ways it can strike back, too.
2025-04-29 05:45:03| Spiritual Career Counseling
HONG KONG The increasingly vicious trade war between Washington and Beijing took another turn Wednesday when China imposed an additional 50% tariff on imports from the U.S., hiking its levies on American imports to 84%.The tit-for-tat escalation came hours after President Donald Trumps 104% tariffs on Chinese imports went into effect, including 50% Trump added Monday. Later Wednesday, Trump increased the overall U.S. tariff on Chinese goods to 125%, even as he paused higher targeted tariffs on other countries for 90 days while keeping a 10% baseline tariff in place for all countries.Trumps 50% tariff is a mistake upon another mistake, Chinas Customs Tariff Commission said in a statement earlier Wednesday, adding that the worlds two biggest economies should resolve differences through equal dialogue based on mutual respect. The effect of Chinas 84% tariff may be somewhat limited because China imports only about $160 billion a year in U.S. goods compared with the more than $40...
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