Trump’s Tariffs Prompt China To Vow ‘Countermeasures’: Experts See Retaliation Likely

President Donald Trump rocked global markets on Wednesday with tougher-than-anticipated tariff announcements as part of his plan to reset U.S. trade policy. The measures include a 34% tariff on imports from China, raising the total duties on Chinese goods to 54% and prompting swift criticism from Beijing.
The Details: Just hours after President Trump’s tariff announcement, China’s Ministry of Commerce issued a statement that it “firmly opposes” the tariffs and “will resolutely take countermeasures to safeguard its own rights and interests,” per Nikkei Asia. 
Read Next: Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase 
“The so-called ‘reciprocal tariffs,’ which are based …Full story available on Benzinga.com

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