China is on the first row of the list Trump is holding as he announces the sweeping tariffs earlier this week
As we’ve been reporting, China has just hit back with a 34% tariff on US goods. But why 34%?
US President Donald Trump has imposed import tariffs on China totalling 54%, but that figure didn’t come all at once.
Since returning to the White House in January, Trump raised tariffs on Chinese imports to 20%.
Then earlier this week, Washington brought in a new set of “reciprocal” tariffs for countries around the world – and the rate for China is 34%.
It means China’s retaliatory tariff matches the one Trump introduced earlier this week.
