China retaliated against the Trump administration’s new tariffs on Wednesday, and its own tariffs rose sharply, a committee of the China State Affairs Committee announced.

Trump administration announcement On Tuesday, US tariffs on Chinese products rose to 104%, and Chinese government said state On Thursday, tariffs on American products will increase from 34% to 84%. Both trade war fighters have shown no signs of retreat as global markets are in a hurry shortly after President Donald Trump’s “liberation day” tariffs announced on April 2. (Related: China will strengthen trade war in response to Trump’s “liberation day” tariffs)

🚨New: China announces it will raise tariffs on US goods to 84% pic.twitter.com/ukzzo9xjth

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China is one of the few countries hit by Trump’s tariffs that adopted a rebellious tone accordingly. Pledge If the US does not flash first, “fight to the end” on Wednesday. However, there are analysts and economists. Highlighted The Chinese economy is currently facing several important structural issues, including weak domestic consumer demand, a large debt burden in its real estate sector, a long-term slowdown, and a high reliance on exports.

Meanwhile, the Trump administration has also surprised its rebellious tone with gazes with China.

“It was a mistake for China to retaliate. The President would be hit harder when America was punched. That’s why 104% tariffs will come into effect on China in the middle of the night tonight, but the President wants XI and China to do business. I said Tuesday. “They just don’t know how to start it.”

Treasury Secretary Scott Bescent I said China made a “big mistake” in retaliation against the US on Tuesday

Markets around the world have been hit hard by the launch of the Trump administration’s policies. Some analysts project While the US is currently facing an increased risk of a recession, Trump and his team are seeking confidence in their long-term vision to use aggressive tariffs to enhance American manufacturing.

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