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International Business Times
International Business Times
Business
Manikandan Raman

China Retaliates With 84% Tariffs On US Goods In Escalating Trade War

Donald Trump United States China Beijing

China on Thursday raised tariffs on U.S. exports to 84% from 34%, calling the U.S. president's decision to intensify the trade war "a mistake on top of a mistake."

The move from China came just hours after Donald Trump paused almost all his "reciprocal" tariffs but raised duties on Chinese imports to 125%, calling it a punishment for Beijing's retaliation, Independent reported.

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