China hits back with 34% tariffs on U.S. goods

From Thursday of this week, those few Chinese buyers of steel and aluminum-related products imported from the United States will have to pay more for them, or source them from other countries.

This follows the decision announced on April 4 from the Office of the Customs Tariff Commission under the China's State Council, Ministry of Finance, confirming that a 34% additional tariff would be imposed on imported U.S. goods, in direct response to sweeping new trade measures unveiled by U.S. President