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Trade war intensifies as China slaps 84% tariffs on American imports

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China has hit back at the US by sharply raising tariffs on American goods to 84 per cent.

This comes just days after President Donald Trump slapped a 104 per cent tariff on Chinese imports, shaking global markets and pushing up UK borrowing costs.

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China’s Ministry of Finance said it will add an extra 34 per cent tariff on US goods starting 10 April, on top of the taxes already in place. The move is a direct response to the US raising tariffs and marks a major escalation in the trade row.

Officials have also introduced new export controls on rare-earth minerals, which are crucial for technology and defence products.

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On top of that, more than 20 US companies have been blacklisted, adding even more pressure to already tense relations between the two countries.



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