China's finance ministry has blasted back at the US’ 104% tariffs on the Eastern superpower with an additional 84% levy, set to come into force on 10 April.
President Donald Trump's latest tariffs took effect just after midday today (9 April), hitting major trading partners with new levies, including a 104% tariff on Asia's largest economy. US futures have since taken a tumble, with the S&P 500 dropping by more than 1.8% today, according to data from MarketWatch, following news that Beijing would be increasing its levies on US goods.
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