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From Fox Business: China announced Friday it will impose 34% tariffs on the U.S., just days after President Donald Trump unveiled the same amount against Beijing under his reciprocal tariff plan.
The new China tariffs against the U.S. will go into effect on April 10, according to The Wall Street Journal.
“China played it wrong, they panicked — the one thing they cannot afford to do,” Trump wrote on Truth Social Friday.
Chinese Foreign Ministry spokesperson Guo Jiakun said at a briefing in Beijing yesterday that “The U.S. announced tariff hikes on imports from many countries, including China, under the pretext of reciprocity” and that “This gravely violates World Trade Organization rules, and undermines the rules-based multilateral trading system.
In another post Friday morning, Trump wrote, “TO THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE. THIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE!!!”
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