China has announced it is to impose additional tariffs on US goods.
The tariffs will come into force from tomorrow, China’s finance ministry said.
It means tariffs of 84% will be enforced on US goods – up from the 34% China had previously planned.
It comes after the US hit Beijing with an extra 50% tariff this week. Those followed two previous levies of 34% and 20%, meaning US tariffs on China reached 104% from this morning.
Earlier, China told the World Trade Organisation that the United States’ decision to impose tariffs threatened to further destabilise global trade.
“The situation has dangerously escalated,” China said in a statement.
As one of the affected members, China expresses grave concern and firm opposition to this reckless move.”
This breaking news story is being updated and more details will be published shortly.
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