China Strikes Back: Hikes Tariffs On US Goods To 84% As Trade War Goes Nuclear Update: After Beijing’s overnight inaction in response to President Trump’s new 104% effective-rate tariff on Chinese goods—and the release of a white paper on trade between the two superpowers—there now appears to be a response from the Chinese side. *CHINA RAISES TARIFFS ON US GOOD TO 84% — zerohedge (@zerohedge) April 9, 2025 Bloomberg reports that China plans to counter Trump’s tariffs with an effective tariff rate of around 84%, escalating the trade war. These countermeasures go into effect on Thursday. More from Bloomberg: A… — Continue at ZeroHedge News : Read More
