On April 4, 2025, through the State Council’s Customs Tariff Commission, the Chinese government responded to the reciprocal tariff policy of U.S. President Donald Trump by imposing a 34 percent import tariff on all products from the United States. This policy will take effect on April 10, 2025.
As a result of China’s retaliatory trade policy against the United States, tensions in the trade war have intensified, shaking investors and sparking fears of an impending recession.
According to Reuters, the standoff between the two largest economies in the world, Beijing and Washington, has worsened the decline in global stock markets. Additionally, the trade war has triggered the largest market losses since the pandemic.
(WM)
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