President Donald Trump (L) and Chinas President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida. — Reuters

China retaliates with 84% tariffs on US products from Thursday

by Pakistan News
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President Donald Trump (L) and China’s President Xi Jinping chat as they walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida. — Reuters
  • Tariffs come after similar levies by US. 
  • Beijing to take “firm and forceful” steps to protect its interests.
  • China’s commerce ministry to blacklist six US AI firms. 

BEIJING: China will impose 84% tariffs on US imports, up from 34%, the finance ministry said on Wednesday, hours after similar levies by the United States came into force.

US President Donald Trump’s latest salvo of tariffs came into effect on dozens of trading partners on Wednesday, including punishing 104% duties on imports of Chinese products.

Beijing has consistently opposed tariff rises and said on Wednesday it would take “firm and forceful” steps to protect its interests.

Its finance ministry later said in a statement that “additional tariff rates” on imports originating in the United States would “rise from 34% to 84%”, effective from 12:01 pm on Thursday.

“The tariff escalation against China by the United States simply piles mistakes on top of mistakes (and) severely infringes on China’s legitimate rights and interests,” the ministry said.

Washington’s moves “severely damage the multilateral rules-based trade system”, it added.

In a separate statement, Beijing’s commerce ministry said it would blacklist six American artificial intelligence firms, including Shield AI Inc. and Sierra Nevada Corp.

The companies had either sold arms to Taiwan or collaborated on “military technology” with the island, the commerce ministry said.




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