US tariffs on Chinese imports increased by 34%, then by another 50% after China refused to remove its retaliatory tariffs, leading to an 84% levy on Thursday. China added 18 companies to its unreliable entity list and challenged the tariffs at the WTO. China's foreign ministry spokesperson stated their response will continue if the US persists. The EU also retaliated against US steel and aluminum tariffs with tariffs on various US products.
Prepared by Christopher Adams and reviewed by editorial team.
Comments