China raising its retaliatory tariff on the US to 84%, up from 34%, effective April 10
By HUIZHONG WU, Associated Press
BANGKOK (AP) — China has raised tariffs to 84% on goods coming from the U.S. in an additional countermeasure.
Last week, China said it would levy 34% tariffs on all U.S. goods.
On Wednesday, Trump’s tariffs of 104% went into effect on Chinese exports to the U.S.
More Stories
UK business confidence crashes to Covid-era lows as Iran conflict forces firms into survival mode
Britain’s finance chiefs have retreated into full defensive mode as the fallout from the war in Iran sends confidence tumbling...
OpenAI doubles down on London with first permanent office despite Stargate U-turn
The decision by OpenAI to plant its flag in King’s Cross with a permanent London headquarters, just days after walking...
Founders push for ‘repeat entrepreneur relief’ to keep exit capital flowing back into UK start-ups
Some of Britain’s most prominent entrepreneurial voices are pressing the Treasury to introduce a targeted tax incentive designed to keep...
Middle East war triggering global energy ‘shock’ – IMF
Disruptions to oil and gas supplies will leave lasting “scars” on the world economy, managing director Kristalina Georgieva has said...
What is fueling unrest across the EU?
The bloc is facing an energy crisis due to the Strait of Hormuz disruption, with soaring diesel prices triggering protests...
OECD urges reeves to overhaul ‘inefficient’ UK tax system
Rachel Reeves has been told by one of the world’s most influential economic bodies that Britain’s tax system is holding...