UK Mirror: China hits back at US with 84% tariffs and calls on world to ‘unite against Trump tyranny’

Markets took another plunge as China announced the increased tariff, the latest move in the escalating trade war between the two super powers that threatens to wipe out billions of dollars of trade

The madness accelerates:

China has said they will bring in an extra 84% tariffs on the US after Donald Trump put a 104% tariff on some Chinese imports to the US.

This is a 50% increase on top of China’s previous tariff. This comes after an editorial in the state-run newspaper China Daily declared: “Global unity can triumph over trade tyranny.”

“The situation has dangerously escalated. As one of the affected members, China expresses grave concern and firm opposition to this reckless move,” China said in a statement.

Beijing “firmly opposes and will never accept such hegemonic and bullying practices,” foregin ministry spokesperson Lin Jian told reporters on Wednesday.

https://www.themirror.com/news/us-news/china-tariff-usa-response-trump-1081554

Yahoo! Finance: US forges ahead with 104% tariffs on China, says willing to talk to other countries

This is simply insane!

The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping tariff plan.

U.S. stocks retreated on the news….

https://finance.yahoo.com/news/china-criticises-trump-tariff-blackmail-025526063.html