U.S. President Donald Trump has warned that he will introduce further tariffs on Chinese goods starting tomorrow if Beijing does not roll back its recently announced 34% retaliatory tariffs on the United States.
Trump stated that the new tariffs on Chinese imports would be set at 50%.
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This development follows China’s announcement on Friday that it would impose 34% tariffs on U.S. products, in response to the White House’s decision to apply the same rate of levies on all Chinese imports beginning April 9.
Source: With input from agency .