China hits back at Trump with 34% tariff on U.S. imports

China announced a 34% tariff on all U.S. imports on Friday, escalating trade tensions between the world’s two biggest economies.

HONG KONG — China announced a 34% tariff on all products imported from the U.S. on Friday, escalating the trade war between the world’s two biggest economies.

The move came two days after President Donald Trump imposed the same tariff on all Chinese imports as part of what he called reciprocal tariffs on a long list of U.S. trade partners.

Combined with 20% in other levies that Trump has imposed on Chinese goods since returning to office in January, the total U.S. tariff on some Chinese goods is at least 54%.

Announcing the new tariffs at a White House event on Wednesday, Trump singled out China as one of the “nations that treat us badly.” The U.S. has a higher trade deficit with China than with any other country, reaching $295.4 billion last year.

China, one of the U.S.’s largest trading partners, urged the Trump administration to immediately cancel the tariffs and “resolve trade disputes through consultations in a manner of equality, respect and reciprocity.”

https://www.nbcnews.com/news/world/china-hits-back-trump-34-tariff-us-imports-rcna199665

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