China imposes 34 percent retaliatory tariffs on US products
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China has announced countermeasures on imports from the US, which will amount to up to 34 percent. According to the Customs Commission of the State Council of China, the tariffs will go into effect on April 10. The decision is a response to the "Liberation Day" import duties announced by the US government on Wednesday.
The additional tariffs led to sharp falls in the stock market and fueled fears of an escalating international trade war.
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