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The Guardian - UK
The Guardian - UK
World
Joanna Partridge and Helen Davidson in Taipei

China announces 84% tariffs on all US goods in response to Trump’s 104%

Donald Trump United States Oil China European Union Rachel Reeves United Kingdom Weibo
A screen on a pedestrian bridge shows the latest stock exchange and economy data in Shanghai, China
Stock exchange and economic data on a bridge in Shanghai. China’s stock markets had risen on Tuesday after government interventions. Photograph: Alex Plavevski/EPA

China has announced new tariffs of 84% on imports of all US goods in a move that sent stock markets falling further and will raise fears of further escalation of Donald Trump’s trade war.

The Chinese ministry of finance said on Wednesday it would impose 84% tariffs on US goods from Thursday, up from the 34% previously announced.

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