Jordan Daily – China announced a 34% tariff on all imports from the United States, effective from April 10, according to the official Xinhua News Agency.
China’s decision comes in response to a similar 34% tariff imposed by the United States on Chinese goods, escalating the ongoing tariff war between the two nations.
U.S. and European markets hit the lowest point in Friday’s trading sessions following the report. At 10:28GMT (06:28ET), STOXX 600 was down 4.5% while the S&P 500 Futures extended decline to 2.2%.
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