China to impose 34% retaliatory tariff on all goods imported from the U.S.

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Source: CNBC

Published Fri, Apr 4 2025 6:22 AM EDT | Updated 3 Min Ago


China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed by U.S. President Donald Trump’s administration earlier this week, according to state news outlet Xinhua.

“China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and mutually beneficial manner,” Xinhua cited the finance ministry as saying in a Google-translated report.

The ministry further criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules” and “seriously” undermining Chinese interests, as well as endangering “global economic development and the stability of the production and supply chain.”

CNBC has reached out to the White House for comment.

Read more: https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html

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Article updated.

Original article -

Published Fri, Apr 4 2025 6:22 AM EDT


China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10 in the wake of duties imposed by U.S. President Donald Trump’s administration earlier this week, according to state news outlet Xinhua.

This breaking news story is being updated.