China to impose 34% retaliatory tariff on all goods imported from the U.S.

China’s finance ministry announced a 34% tariff on all U.S. imports starting April 10 in response to recent U.S. duties, urging the U.S. to cancel its measures and resolve differences through consultation. The ministry criticized Washington’s decision, calling it inconsistent with international trade rules and harmful to Chinese interests, leading to a sharp drop in U.S. stock futures and European stocks.

Full Article