Countries Face Higher US Tariffs

This is a China news story, published by CityNews, that relates primarily to Wang Huiyao news.

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latest tariff hikes

CityNews

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World

Countries and companies mull strategies for coping with barrage of higher US tariffs

Summary

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80% Informative

Taiwan ’s president promised to provide support to industries most vulnerable to the 32% tariffs Trump ordered in his “Liberation Day” reciprocal tariffs announcement.

China responded to the 34% tariffs imposed by the U.S. on imports from China by announcing it will impose a 34% tariff on imports of all US . products beginning April 10 .

India was hit by a 26% tariff rate, lower than 34% for Chinese exports.

China ’s strategy is to trade more with Southeast Asia and Latin America , with Europe , the Middle East and other developing nations, Wang Huiyao says.

Europe will work to build more bridges and as a regional economic bloc of 450 million people, larger than the United States , it also has its own huge market, she says.

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formal

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English

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