SHANGHAI/HONG KONG -- China on Wednesday raised its retaliatory tariff against the U.S. to 84%, hours after new American tariffs took effect, in a dramatic escalation of the superpower trade war.
Trade war
China raises retaliatory tariff on U.S. to 84% as Trump trade war spirals
Beijing demands Washington cancel its 104% duties
The Yangshan Deepwater Port in Shanghai. China's government has once again retaliated against U.S. President Donald Trump's tariffs, slapping another 50% duty on all U.S. imports. © Reuters
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