Emre Yumlu 
China’s long-awaited tariffs response has not been delayed. According to the latest statements, China announced that it has imposed additional customs duties on U.S. products! What percentage of duty will be applied?
China’s Retaliation Against the U.S.: 84% Additional Customs Duty Incoming
Global trade wars are heating up again. China announced that it will impose additional tariffs of up to 84% on American products in response to the U.S. import policies. This move escalates tensions between the two economic giants and also closely affects global markets.
What Do China’s Tariffs Cover?
The new customs duties China plans to implement are said to cover a wide range of products. American-made goods will now enter China at a higher cost, which spells new challenges for both exporters and consumers.
According to experts, China’s decision primarily targets U.S. agricultural exporters and technology giants. The Beijing administration aims to send a strong message to Washington with strategically selected product groups.
A Direct Response to U.S. Tariffs
This development comes as a direct response to the U.S.’s recent decision to impose a general 10% tariff and apply stricter taxes on China. With this new wave of duties, Beijing aims not only to retaliate but also to force the U.S. to rethink its trade policies.
How Will Markets and the Global Economy Be Affected?
Such customs wars can affect not only trade between the two countries but also global supply chains, commodity prices, and investor confidence. Following the announcement of the new tariffs, fluctuations were observed in Asian and U.S. stock markets. Additionally, this process could lead to rising inflationary pressures.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.