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

  • @[email protected]English
    0•11 days ago

    As an example of that, Canada currently depends massively on trading with the US. US tariffs are devastating to Canada’s economy.

    But, over the last week or so, the Canadian dollar has done extremely well against the US dollar because for all the damage the US is doing to Canada, it’s hurting itself so much more.

    • @[email protected]English
      0•11 days ago

      And I hope Canada can manage to find stronger trade partners with everyone else, especially the EU