China responded to President Donald Trump’s “Liberation Day” tariffs on Friday by announcing a 34% tariff on all goods imported from the United States.
The move comes after Trump unveiled a host of tariffs against countries all over the world, including a 34% tariff on China, where about 16% of goods imported into America come from. Trump has said the tariffs are necessary to rebuild American industry and rectify longstanding trade imbalances.
In a statement on Friday, the Chinese Ministry of Finance accused the United States of violating international trade rules with the tariffs.
“The U.S. practice is inconsistent with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice that not only undermines the interests of the United States itself, but also endangers global economic development and…
