China imposes 34% tariffs on imports of US goods in retaliation

China said on Friday it will impose reciprocal 34% tariffs on all imports from the United States from April 10. On Wednesday, US President Donald Trump unveiled an additional 34% tariffs on all Chinese goods imports into the US, in a move poised to cause a major reset of relations and escalate a trade war between the world’s two largest economies. “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.

This is a developing story and will be updated..