China has announced an 84% tariff on US imports, to take effect tomorrow April 10, after Donald Trump imposed a 104% tariff on Chinese goods entering the US. The Chinese tariff is an increase from the 34% it already imposed on American imports.
As China announced its retaliation, Trump urged companies to relocate to the US, writing: “Don’t wait, do it now!”
Meanwhile, the EU has voted to impose tariffs on some US imported goods from 15 April – more goods are due to be hit in May and December.
Trump says countries hit by his tariffs are calling up and “kissing my ass” in a bid to negotiate.