Author: Al Jazeera
Published on: 04/04/2025 | 00:00:00

AI Summary:
China announced a slew of countermeasures against tariffs imposed by United States President Donald Trump. Trump announced that China would be hit with a 34 percent tariff, on top of the 20 percent he imposed earlier this year. China’s Ministry of Finance said the additional tariffs would be imposed from April 10. Beijing has previously imposed tariffs of 15 percent on imports of coal and liquefied natural gas (LNG) from the US in retaliation for Washington’s The Chinese Commerce Ministry said the targeted companies seriously “undermined” China’s national sovereignty, security and development interests. Agriculture trade also took another hit as Chinese customs imposed an immediate suspension on imports of sorghums from grain exporter C&D (USA) Inc. Beijing also launched an anti-dumping probe into certain medical CT tubes from the US and India. Shares of Big Tech stocks fell in premarket trading.

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