China Hits Back at U.S. With 34% Tariff on Key American Goods

In a sharp response to recent U.S. trade policies, China has imposed a steep 34% tariff on a wide range of American imports. This move is part of Beijing's broader strategy to counter Washington's protectionist measures, which many experts say could escalate tensions between the two major economies.

The new tariffs target products such as agricultural goods, machinery, and consumer items—industries heavily reliant on global trade. Analysts believe this retaliation could affect supply chains worldwide and put pressure on companies with operations in both countries.

China's announcement comes amid growing global concern about a potential trade war resurgence. Economists suggest that continued tit-for-tat tariffs could slow down global economic recovery, particularly in developing nations that depend on stable international markets.

Both governments have expressed a willingness to return to the negotiating table, but for now, businesses on both sides are bracing for a period of uncertainty and rising costs.