On Tuesday, Treasury Secretary Scott Bessent warned China that their imposition of a 34% tariff on the United States was a “big mistake.” Last Wednesday, President Donald Trump imposed an additional 34% tariff on all Chinese goods imported into the U.S. On Friday, China announced it would impose a reciprocal 34% tariff on all imports …
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On Tuesday, Treasury Secretary Scott Bessent warned China that their imposition of a 34% tariff on the United States was a “big mistake.”
Last Wednesday, President Donald Trump imposed an additional 34% tariff on all Chinese goods imported into the U.S. On Friday, China announced it would impose a reciprocal 34% tariff on all imports from the United States starting April 10. On Tuesday, Trump responded by announcing that the U.S. would apply an additional 50% tariff on imports from China if the Chinese don’t withdraw the 34% tariff.
