China ups retaliatory tariffs on US goods from 34% to 84% from Apr 10

US had increased ‘reciprocal tariffs’ on Chinese products exported there to 104 per cent from 54 per cent on April 8.

Trump’s higher import tax rates on dozens of countries and territories came into effect today.

The Commission said that the US escalation of tariffs against China is “a mistake on top of a mistake”, ‘seriously infringes’ upon China’s legitimate rights and interests and gravely undermines the rules-based multilateral trading system, Chinese media outlets reported.

China urged the US to immediately correct its ‘wrong practices’, cancel all unilateral tariff measures against China and properly resolve differences through respectful dialogue.

Following the Trump administration’s imposition of 104-per cent tariff on Chinese goods, Beijing announced ‘countermeasures’ and said that it would not bow down to the ‘tax blackmail’ by the former.

Trump has accused foreign nations of levying harsh duties on American products and ‘plundering’ the US economy.

The so-called US ‘reciprocal tariffs’ against China are groundless and a typical practice of unilateral bullying, a Chinese Commerce Ministry spokesperson had earlier said.

ALCHEMPro News Desk (DS)