China on Thursday boosted tariffs on all American goods to 84%, showing no intent to back down despite U.S. President Donald Trump’s rapid escalation of levies on Chinese products.
China’s retaliatory rate was scheduled to take effect just after noon local time. Overnight, Trump had singled out China by further hiking tariffs on imports from the nation to 125% even as he granted dozens of other countries a 90-day reprieve from his “reciprocal” levies.
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