Latest Breaking News

BumRushDaShow

(151,461 posts) Fri Apr 4, 2025, 06:32 AM Apr 4

China to impose 34% retaliatory tariff on all goods imported from the U.S. [View all]

Source: CNBC

Published Fri, Apr 4 2025 6:22 AM EDT | Updated 3 Min Ago

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, following duties imposed by U.S. President Donald Trump’s administration earlier this week, according to state news outlet Xinhua.

“China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and mutually beneficial manner,” Xinhua cited the finance ministry as saying in a Google-translated report.

The ministry further 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” and “seriously” undermining Chinese interests, as well as endangering “global economic development and the stability of the production and supply chain.”

CNBC has reached out to the White House for comment.

Read more: https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html

Article updated.

Original article -

Published Fri, Apr 4 2025 6:22 AM EDT

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 in the wake of duties imposed by U.S. President Donald Trump’s administration earlier this week, according to state news outlet Xinhua.

This breaking news story is being updated.

27 replies

= new reply since forum marked as read

Highlight:

China to impose 34% retaliatory tariff on all goods imported from the U.S. [View all] BumRushDaShow Apr 4 OP

So I guess if that includes wheat and ag products moniss Apr 4 #1

John Deere $447.45. Down $30.14 - $6.31% in the last 5 days underpants Apr 4 #3

The biggest (at least based on the last go-around) was the soybeans BumRushDaShow Apr 4 #4

Buicks are big in China. underpants Apr 4 #2

... speak easy Apr 4 #5

Futures are diving fast, S&P 500 and Dow futures both down 3.0% at 700 AM ET progree Apr 4 #6

But lookee here BumRushDaShow Apr 4 #8

Yup, a correction is almost a certainty today in the DOW. I'm more focussed on bear market. Won't happen today progree Apr 4 #12

I'm not expecting the Dow to hit 20% too soon BumRushDaShow Apr 4 #15

"the 10-year Treasuries have been dipping below 4% this morning" progree Apr 4 #18

Yeah I think people are going to start fleeing the stocks BumRushDaShow Apr 4 #20

I don't expect it to be long before the S&P 500 reaches a bear market -- after dropping 6.0% Friday, its down 17.4% progree Apr 4 #25

NASDAQ hit bear today BumRushDaShow Apr 4 #26

r u watching the vix? mopinko Apr 4 #16

Watching it? not really , I just haven't learned what good and bad VIX numbers are, but anyway its at 40.6 right now, progree Apr 4 #19

and according to Bloomberg,. They will immediately restrict exports of seven type of rare earth elements. JohnSJ Apr 4 #7

Will have to see if 45 has enough of a temper tantrum to completely revoke BumRushDaShow Apr 4 #10

no one can predict what the sociopath will do. He is saying he "might reduce the tariffs on China if they put tiktok JohnSJ Apr 4 #11

He can try to "deal" (and steal) all he wants BumRushDaShow Apr 4 #13

Another thousand loss for the DOW. Futures are in the terlet. twodogsbarking Apr 4 #9

Dow is an adding machine era index, so 1896. SP500 is market capitalization weighted. Ditch the Dow. . . .nt Bernardo de La Paz Apr 4 #14

Although the other indices give a truer perspective about the broader market BumRushDaShow Apr 4 #22

Excellent precis of why it is still listed & followed. But I think it should be noted as an afterthought after SP500. nt Bernardo de La Paz Apr 4 #23

But then this is why the Russell 2000 going "bear" has been concerning BumRushDaShow Apr 4 #24

The retaliation begins LetMyPeopleVote Apr 4 #17

Payroll jobs up 228,000. Unemployment rate up a notch, from 4.1% to 4.2% (was 4.0% in January) progree Apr 4 #21

They will cave. they need us worst than we need them. Groundhawg Apr 4 #27