Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
  • China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
  • The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
  • U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://archive.ph/ZmcZJ

    • Baguette@lemm.eeEnglish
      7·
      14 hours ago

      The change is that companies will use this to commence the massive layoffs once again citing hard financial times but still pay the execs the same big bucks