China’s retaliatory 84% tariffs on US imports come into effect
US President Donald Trump and China President Xi Jinping (Photo by Jim WATSON and Anthony Kwan / AFP)
BEIJING, China — Tariffs of 84 percent on all Chinese imports of American goods took effect on Thursday, deepening a trade war between Beijing and Washington that has rocked global markets and sparked fears of a recession.
The levies will apply to all US products entering the world’s second-largest economy, which according to the office of the US Trade Representative, totaled $143.5 billion in 2024.
READ: The week that Trump pushed the global economy to the brink with tariffs — and then pulled back
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