INSUBCONTINENT EXCLUSIVE:
China will raise its tariff rate on all imports from the United States from 34 percent to 84 percent beginning with April 10, the Customs
Tariff Commission of the State Council revealed Wednesday.On April 8, 2025, the United States federal government announced a boost in the
so-called reciprocal tariff rate on Chinese exports to the United States from 34 to 84 percent.In response, the Customs Tariff Commission
of the State Council issued a statement condemning the relocation as a further mistake by the United States side that seriously infringes
upon Chinas genuine rights and interests and gravely weakens the rules-based multilateral trading system.In accordance with the Customs Law,
the Import and Export Tariff Regulations, the Foreign Trade Law of China and the basic concepts of worldwide law, and with the approval of
the State Council, China has decided to enforce an additional 50 percent tariff on all imports stemming from the United States raising the
rate from 34 percent to 84 percent effective from 12:01 p.m
on April 10, 2025.(Cover: VCG)
