China to impose 34% retaliatory tariff on all goods imported from the U.S.
1. China imposes 34% tariffs on U.S. imports starting April 10, 2024. 2. Total U.S. tariffs against China now reach 54%, raising trade tensions. 3. China adds more U.S. firms to its unreliable entities and export control lists. 4. U.S. protectionist policies may push China to seek alternative trading partners. 5. Mutual tariffs threaten a $582.4 billion trade relationship, raising recession fears.