🧔♂️ A friendly human may check it before it goes live. More news here
China urges US to remove new tariffs, threatens action
China has urged the US to remove its latest tariffs, warning of countermeasures to protect its interests. The Chinese Commerce Ministry criticized the move, saying it disrupts the balance achieved in previous trade negotiations.
President Trump announced a 34% tariff on Chinese goods, adding to the 20% tariff imposed earlier, bringing the total levy to 54%. The new tariffs will take effect on Apr. 5, with additional tariffs set for Apr. 9.
Trump also signed an order removing the “de minimis” rule, which previously allowed low-value packages from China and Hong Kong to enter the US duty-free.
The tariffs stem from China’s failure to meet purchasing targets outlined in the 2020 “Phase 1” trade deal.
In 2024, China imported US$164 billion worth of US goods, falling short of the US$200 billion target. While some Chinese firms are exploring alternative markets, the US remains a key market for Chinese exports, exceeding US$400 billion annually.




