China imposes 34% reciprocal tariffs on imports of US Goods:
China imposes 34% reciprocal tariffs on imports of US goods in retaliation for Trump’s trade war. A tariff is a tax imposed by a government on imported goods or services to raise revenue, protect domestic industries, or influence trade balances. A fixed amount charged on a particular quantity of an import (e.g., $5 per ton of steel). A percentage of the value of the import (e.g., 10% of the value of a car).
