China Implements New 84% Tariffs On U.S. Imports Amid Escalating Trade Tensions

China Implements New 84% Tariffs On U.S. Imports Amid Escalating Trade Tensions

China has officially imposed a new round of retaliatory tariffs on U.S. imports, enacting an additional 84% duty as part of its response to escalating trade actions from Washington.

The move follows U.S. President Donald Trump’s recent announcement to significantly raise tariffs on Chinese goods to 125%, intensifying the ongoing trade standoff between the world’s two largest economies…READ MORE…

In response, Chinese officials have strongly condemned the U.S. measures, labeling them as coercive and reaffirming their resolve to resist pressure. Beijing accused Washington of blackmail, stating it will continue to defend its economic interests and sovereignty.

Amid growing friction with the U.S., China is actively strengthening ties with other global partners. On Tuesday, Chinese Commerce Minister Wang Wentao held a phone discussion with EU Trade Commissioner Maroš Šefčovič, during which both parties explored ways to deepen China-EU economic cooperation.

According to an official Chinese release, Minister Wang criticized the U.S. tariff policy as detrimental to the global trading system and stressed the need for multilateral collaboration to preserve a rules-based international trade framework. The two sides agreed to initiate dialogue on market access and improving the business climate for enterprises operating across both regions.

China remains a key trading partner for the European Union, ranking as the EU’s third-largest export destination and its largest source of imports in 2024. However, the EU continues to face a significant trade imbalance, with last year’s deficit reaching approximately €300 billion (about $329 billion).

In contrast, China has temporarily suspended tariff measures for certain other countries, as it navigates the complex landscape of global trade partnerships amid intensifying geopolitical and economic pressures.