China retaliates against Trump with 34% tit-for-tat tariff

Beijing blacklists more U.S. companies as trade war escalates

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Gantry cranes stand near a cargo ship at Yangshan Port outside of Shanghai on Feb. 7. © Reuters

WATARU SUZUKI and STELLA YIFAN XIE

SHANGHAI/HONG KONG -- China on Friday announced an additional 34% tariff against all U.S. goods and added more American companies to its export control and unreliable entity lists, responding to President Donald Trump's "Liberation Day" tariffs.

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