China raises American goods tariff to 84 percent to counter U.S. retaliatory tariffs, effective Thursday

China has raised tariffs on American goods to 84% to match Trump’s addition of a 50% tariff, while adding an array of additional countermeasures Wednesday.

 

The 84% tariff will go into effect Thursday, and comes as a 104% tax on the country’s exports to the U.S. came into effect.

“If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end” the Ministry of Commerce wrote in a statement introducing the white paper.

 

The government declined to say whether it would negotiate with the White House, as many other countries have started doing.

 

 

 

 

This article was first reported by AP