China imposes 34% tariff on US imports in retaliation

FILE – U.S. and Chinese flags wave at Genting Snow Park, Feb. 2, 2022, in Zhangjiakou, China. (AP Photo/Kiichiro Sato, File)

China has imposed a 34% tariff on U.S. imports in retaliation, escalating tensions in the ongoing trade dispute.

In response to Trump’s tariffs, China’s Ministry of Finance imposed a 34% tariff on all American goods on Friday. China stated that these tariffs would take effect in six days.

Starting on Friday, China will also enforce export restrictions...