China retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US imports
Stock markets continue to plummet after the US president’s tariffs ignited trade war fuelling fears of a global recession
Stock markets around the world plunged for a second day on Friday as China announced retaliatory tariffs of 34% on US imports, signalling a major escalation of a trade war ignited by Donald Trump and feeding fears of a global recession.
“For all imported goods originating from the US, an additional tariff of 34% on top of the current applicable tariff rate will be imposed,” Beijing’s finance ministry said. Continue reading...
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