In a global game of chicken between President Trump and China, Xi Jinping just blinked and panicked….which is the one thing he really couldn’t afford to do.
WLT Report previously reported:
China has responded to President Trump’s 34% tariff on all Chinese goods imported into the United States.
On Friday morning, China announced it would place a 34% tariff on all imports from the United States.
China’s State Council Tariff Commission stated, “This practice of the US is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice.”
BREAKING: China to impose 34% tariffs on all US goods from April 10, finance ministry says https://t.co/hmYVuhGV3n pic.twitter.com/ifK1Z6SSdB
— Reuters (@Reuters) April 4, 2025
Here’s what CNN reported:
China said Friday that it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade war.
On Wednesday, Trump unveiled an additional 34% tariff on all Chinese goods imported into the US, in a move poised to cause a major reset of relations and worsen trade tensions between the world’s two largest economies.
“This practice of the US is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” China’s State Council Tariff Commission said in a statement announcing its retaliatory tariffs.
Since returning to power in January, Trump had already levied two tranches of 10% additional duties on all Chinese imports, which the White House said was necessary to stem the flow of illicit fentanyl from the country to the US. Combined with pre-existing tariffs, that means Chinese goods arriving in the US would be effectively subject to tariffs of well over 54%.
China’s retaliation against the latest round of US tariffs is more sweeping than its earlier reciprocal actions. Beijing had responded to previous levies swiftly but moderately, imposing retaliatory tariffs on targeted US imports, including agricultural products and fuel, while taking action against certain American firms and ramping up export controls.
BREAKING:
China announces additional 34% tariffs on all American imports. pic.twitter.com/rX65wCx3eU
— Globe Eye News (@GlobeEyeNews) April 4, 2025
Per Fox Business:
China announced Friday it will impose 34% tariffs on the U.S., just days after President Donald Trump unveiled the same amount against Beijing under his reciprocal tariff plan.
The new China tariffs against the U.S. will go into effect on April 10, according to The Wall Street Journal.
“China played it wrong, they panicked — the one thing they cannot afford to do,” Trump wrote on Truth Social Friday.
Chinese Foreign Ministry spokesperson Guo Jiakun said at a briefing in Beijing yesterday that “The U.S. announced tariff hikes on imports from many countries, including China, under the pretext of reciprocity” and that “This gravely violates World Trade Organization rules, and undermines the rules-based multilateral trading system.
What’s your viewpoint?
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!