In retaliation for the U.S. “reciprocal” tariffs, China has continued its multi-pronged approach to dealing with U.S. unilateral trade measures, encompassing a WTO challenge, retaliatory tariffs, expanded sanction lists, export controls, antitrust review, and other measures. Unlike past instances, however, this time China announced “reciprocal” retaliatory tariffs, with a 34% tariff rate imposed on all U.S. goods on top of existing tariffs.

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