American consumers will feel another financial blow as China punches back against Trump’s punitive tariffs
Countries and industries were scrambling on April 4 to respond to unprecedented and unilateral tariff hikes by Donald Trump that upended global trade and world markets. China responded with force to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all U.S. products beginning April 10. Taiwan’s president promised to provide support to industries most vulnerable to the 32% tariffs Trump ordered in his “Liberation Day” reciprocal tariffs announcement. Vietnam said its deputy prime minister would visit the U.S. for talks on trade. Some, like the...
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