China Imposes 34% Tariff Hike on U.S. Goods Starting April 10th

China has approved a sweeping new tariff of 34% on all imported goods originating from the United States, set to take effect at midnight on April 10, 2025. The move comes as a response to the U.S. implementation of reciprocal tariffs on Chinese exports announced on April 2nd. This announcement, issued by the Ministry of Finance, marks a significant escalation in the trade conflict between China and the United States.