China escalates trade war, raises tariffs on US imports to 84%
Beijing also hits 18 US firms as trade war with Washington takes toll on global markets
By Saadet Gokce
ISTANBUL (AA) - China on Wednesday raised additional tariffs on all US imports to 84%, further escalating the trade war with Washington, after US President Donald Trump launched a flurry of tariffs on allies, as well as rivals.
The US has raised reciprocal tariffs on Chinese imports to 104%, effective today.
"The US escalation of tariffs against China is a mistake on top of a mistake; it seriously infringes upon China’s legitimate rights and interests and gravely undermines the rules‑based multilateral trading system," said the Customs Tariff Commission of the State Council, according to the state-run Global Times.
Separately, Beijing also added six US firms to the "unreliable entity list," and 12 other US entities to the export control list on Wednesday.
Trump has refused to back down from his tariff policies which have roiled global markets.
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