U.S. President Donald Trump has imposed a total tariff bomb of 104% on China, prompting an immediate retaliation from China.
On the 9th, the China State Council’s Tariff Regulations Committee stated, "Starting from 12:01 p.m. on the 10th (local time), the tariff rate imposed on all U.S. imported goods will be increased from 34% to 84%."
This is a counterattack at the same level as the U.S. tariff imposition. Trump announced on the 2nd that he would impose a total reciprocal tariff of 34%, consisting of a basic tariff of 10% and an individual tariff of 24%. Consequently, China decided to apply a 34% tariff on all U.S. imported goods. Trump then implemented an increased tariff of 84%, which included an additional 50 percentage points. When adding the 20% imposed earlier in February and March, a total tariff of 104% is now applied to Chinese imports.
China has repeatedly stated through its Ministry of Commerce and state-owned media that it would "fight to the end" if the U.S. does not immediately withdraw these tariffs, and it has taken actual action.
In addition, China’s Ministry of Commerce has added sanctions against U.S. corporations. Six U.S. defense corporations, including Shield AI and Sierra Nevada, have been added to the list of "unreliable corporations." Being included on this list makes it difficult for them to invest in China. Twelve U.S. corporations, including American Photonics (lens manufacturing), Novatek (biotech), and Ecodyn (drones), have also been placed on the dual-use goods (goods that can be used for both civilian and military purposes) export control list.
Additionally, China has lodged another complaint with the World Trade Organization (WTO) regarding the U.S. adding 50 percentage points to the tariffs on Chinese imports. China has already filed complaints against all previous U.S. tariff impositions with the WTO.