China had earlier accused Trump of handling their trade face-off with intimidation, threat and blackmail.
By Kehinde Okeowo
China on Wednesday said it would increase its reciprocal tariffs on goods from the United States to 84% from 34% as the trade war between the world’s two largest economies deepens.
The Asian super power had earlier placed a 34% tariff on U.S. imports after Trump’s last week announcement of varying retaliatory tariffs which affected about 60 countries.
Following the development, President Trump approved an additional 50% tariff on Chinese imports after the earlier imposed tariffs of 20% and 34% took effect.
The White House later announced that the rate on China will rise to 104% from 12:01 a.m. ET on Wednesday.
Responding to the move, China pushed back again on the tariff policies and hiked its levies on U.S. imports to more than 80%.
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According to CNBC, tariffs on U.S. goods entering China will rise to 84% from 34% starting April 10.
Prior to this development, China had made it clear that President Trump’s decision to further jack up US tariff rate on Chinese goods will not make it back down on its retaliatory tariffs.
It made this known on Tuesday via a statement it shared on social media platform X through its Ministry of Foreign Affairs.
In the post, Beijin accused the Trump of handling their trade face-off with intimidation, threat and blackmail.
It added that the Chinese are not troublemakers, but added that the country will not back away when trouble comes.
“Intimidation, threat and blackmail are not the right way to engage with China,” it reads. “We will not let anyone take away the Chinese people’s legitimate right to development.” the statement read.
