Home World China retaliates with new 84% tariffs as global markets fall

China retaliates with new 84% tariffs as global markets fall

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A currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Wednesday.

China on Wednesday announced a retaliatory tariff on all U.S. imports, bringing the total tariff level to 84%. The measures are a response to President Trump's latest round of tariffs, which went into effect overnight.

(Image credit: Ahn Young-joon)

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