China sharply escalated its trade standoff with the United States (US) on Wednesday, April 9, announcing new retaliatory 84% tariff on American products.
The move came in response to President Donald Trump’s latest round of hard-hitting tariffs aimed at reining in China’s decades-long abuse of international trade rules.
Trump’s new tariffs—which include a staggering 104% tariff on certain Chinese imports—were rolled out earlier Wednesday across a broad range of trade partners. The goal: to push back against unfair practices that have hollowed out America’s manufacturing base and enriched foreign competitors at U.S. expense.
In retaliation, China hiked its planned retaliatory tariff on US goods from 34% to a steep 84%, revealing just how much pressure Trump’s trade policies are putting on the Chinese regime.
China’s finance ministry lashed out, accusing the U.S. of “piling mistakes on top of mistakes” and violating China’s so-called “legitimate rights.” But the truth is, China has been exploiting the global trade system for years—Trump is just one of the first presidents with the backbone to push back.
The Chinese commerce ministry also revealed that it would be blacklisting six American artificial intelligence firms, including Shield AI and Sierra Nevada Corp., in