China retaliates with a 34% tariff on US imports

China announced on Friday A few days after President Donald Trump announced the same amount against Beijing based on his mutual tariff plans, it imposes a 34% tariff on the United States.

new China’s tariffs According to the US, it will take effect on April 10th. Wall Street Journal.

“The US has announced a rise in tariffs on imports from many countries, including China, under the pretext of reciprocity, which violates the rules of the World Trade Organization and undermines the rules’ multilateral trading system.

“We have emphasized multiple times that there are no winners in trade and tariff wars. Protectionism is not connected anywhere. We urge the United States to stop doing the wrong thing and resolve the differences in trade with China and other countries through consultations with equality, respect and mutual interest,” he added.

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The 34% tariff announced on China on Wednesday, in addition to the 20% tariff already imposed on the country, Trump administration.

“We knew this would be a bit bumpy at first, but let’s understand what it is. It’s about fairness. It’s America’s first, not America’s last.”

“We’ve been getting short edges of sticks over the years. It’s important for Americans to understand this. These are mutual tariffs. We’re receiving tariffs. Our goods are receiving tariffs. We’ve always been at an unfair disadvantage in these countries. “I spoke to the President personally yesterday. He’d already said he’s coming to him saying, ‘We can solve this, we can do fair deals, we can do better.” Everyone gets a little stronger, but Wall Street is back for Main Street as well.

Trump advertised his sweeping tariff plans at the “American Affluent Again” event, claiming to restore American dreams and strengthen the work of American workers.

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“American steel workers, auto workers, farmers, skilled artisans,” Trump said Wednesday afternoon from the White House Rose Garden. “We’re a lot here today. They really suffered. They stole our work, they suffered as foreign con artists plundered our factories, and foreign scavengers tore apart the once beautiful American dreams.

“It’s now our turn to thrive, and in doing so we’ll use trillions of dollars to cut taxes and pay back our citizens’ debts,” he continued. “And it all happens very quickly. With today’s actions, we will finally be able to make America even greater than ever. Employment and factories are back in our country and you will see it already happening.

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Trade announcements have caused uncertainty about Product cost for AmericansWhite House press secretary Karoline Leavitt was sidelined during a press conference on Tuesday, claiming that the tariff plan would “good.”

Anders Hagstrom from Fox Business contributed to this report.