European Union imports will be hit with a 20 per cent tariff while Chinese goods will be hit with a 34 per cent tariff, bringing Trump’s total new levies on China to 54 per cent. China on Saturday said “the market has spoken” in rejecting Trump’s tariffs after it hit the US with a slew of countermeasures, including extra levies of 34 per cent on all US goods and export curbs on some rare earth minerals. Vietnam, which benefited from the shift of US supply chains away from China after Trump’s first-term trade war with China, will be hit with a 46 per cent tariff and agreed on Friday to discuss a deal with Trump.
Author: The Nightly
Published at: 2025-04-05 22:59:25
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