China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China announced 84% retaliatory tariffs on all US goods, effective Thursday, following US tariffs on Chinese products reaching 104%. The two countries have engaged in a tit-for-tat tariff war, with China stating that it will not stand by while its people’s rights are harmed. The EU has also imposed 25% tariffs on US imports in response, while Trump has hinted at potential trade agreements with allies and China.

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