A trade war looms between China and the US as Beijing’s 84 per cent tariffs on American products will take effect today. On this day, Ukrainian President Volodymyr Zelenskyy will also visit South Africa. Additionally, the United Kingdom and France will host a meeting of the Coalition of the Willing in defence ministers format at the Nato headquarters.
On Thursday, delegates from the US and Russia will also meet in Istanbul as part of continued efforts to normalise embassy operations between the two countries.
Here’s what else to expect from the day.
China’s tariffs on US products to kick in
On Thursday, China’s 84 per cent reciprocal tariffs on American products will kick into effect. Last Friday, China had said that it would impose reciprocal 34 per cent tariffs on all imports from the United States. Then on Wednesday, it upped the ante by adding another 50 per cent, making good on a promise to strike back.
On April 2, Trump unveiled an additional 34 per cent tariff on all Chinese goods imported into the US. “This practice of the US is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” China’s State Council Tariff Commission said in a statement announcing its retaliatory tariffs.
Content retrieved from: https://www.firstpost.com/explainers/firstup-chinas-84-tariffs-on-us-kick-in-coalition-of-the-willing-meet-in-brussels-the-news-today-13878525.html.
