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International Business Times
International Business Times
Business
IBT Staff Reporter

China Pushes Back With 84% Tariff In Escalating Trade Clash with US

Donald Trump China Economy United States Beijing Frederic Neumann Henry Gao
People walk in the IFC mall at the financial district in Shanghai (Credit: AFP)

As President Donald Trump pressed ahead with sweeping new tariffs on Chinese goods, Beijing hit back Wednesday with an 84% tariff on U.S. goods starting Thursday.

China, which had initially announced a levy of 34%, also condemned the White House's move to increase tariffs to 104%, calling it "bullying tactics," marking a significant escalation in trade tensions between the world's two largest economies, BBC reported.

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