Us china tariff war: Responding to Donald Trump’s 104 percent tariff, China has now announced a tariff of 84 percent on the US. Trade war of America and China has taken a new turn. Bijing retaliating against the US, has announced an additional tariff of 84 per cent on American goods.

New tariffs will be implemented from April 10

The Chinese Finance Ministry has said that these additional tariffs will apply to American goods from April 10. Earlier, China had talked about imposing 34 percent tariffs on American products, but now it has been increased to 84 percent.

American companies also tighten the screws

The Commerce Ministry of China has also replied to the US and put 12 American institutions in its export control list. Also, 6 American companies have been included in the list of “unreliable entities”.

American stock market is also impacted

After this announcement, the US stock index futures also saw a sharp decline. This news came at a time when the Trump administration decided to impose an additional 104 percent tariff on goods imported from China yesterday. The press secretary of the White House had said that this tariff would be applicable from April 9 (Wednesday).

Will the trade war be faster now?

This fight of tariff between China and America has become even faster. The two countries are adopting a policy of “Tit-for-Tat” (eye instead of eye) on each other, increasing pressure on the global economy.