China Raises Tariffs On US Goods To 84% After Trump's 104% Move

China's finance ministry has announced to impose 84 per cent tariffs on all US goods starting Thursday, up from the 34 per cent announced previously. The ministry said these new charges will get into effect from 12:01 CST (04:00 BST) on 10th April.

The move comes after US President Donald Trump imposed 104 per cent tariffs on Chinese goods.

China had accused the US of 'arrogant and bullying behaviour' after Trump's 104 per cent tariffs took effect.

Last Friday, China announced a 34 per cent tariff on all goods imported from the US, export controls on rare earths minerals apart from other measures in response to Trump's “Liberation Day” tariffs. After that Trump added a 50 per cent tariff on China, saying negotiations with them were terminated.

The US used to tariff China at 10 per cent till last month, which President Trump said, "robbed and ripped off" the US economy of billions and billions of dollars as "tariff abuser" Beijing levied a far higher tariff on US goods. Last week the US President announced his "reciprocal tariff" move - wherein the US would charge other countries roughly half the tariff that nation charged the US. For China this was an additional 34 per cent, taking Beijing's tally to 44 per cent.

Minutes after President Trump's reciprocal tariff announcement on April 2, the White House told reporters that due to a "national emergency" which has stemmed from security concerns due to persistent trade deficits, the US is imposing a "baseline" 10 per cent tariff on all countries. China's basket of tariffs now stood at 54 per cent.

Now, with today's "additional 50 per cent tariff" solely for China, Beijing now faces an unprecedented levy of 104 per cent - a near 100 per cent rise in less than a week.

President Trump however, still left the door ajar for Beijing to reconcile. In a post on his social media platform Truth Social, he wrote, "China also wants to make a deal, badly, but they don't know how to get it started. We are waiting for their call."