China also said it would sue the US at the World Trade Organization, added six firms including Shield AI Inc. and Sierra Nevada Corp. to its unreliable entity list and slapped a dozen American companies including American Photonics and BRINC Drones with export controls.
China retaliated to new tariffs imposed by President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.
The Chinese government will impose an 84% tariff on all imports from the US starting April 10, the Finance Ministry said in a statement Wednesday. China’s move came hours after America’s steepest tariff hikes in a century went into force, taking Trump’s tariff hikes on Beijing this year to 104%.
