By Simon Kent | Breitbart
China is slapping 84 percent tariffs on U.S. goods from Thursday, ramping the impost up from the 34 percent as previously announced, its finance ministry said on Wednesday.
Beijing’s hurried move is just the latest shot in an international trade war sparked by U.S. President Donald Trump as he works to level the playing field for global trade after China’s President Xi Jinping refused to withdraw retaliatory tariffs placed on America, as Breitbart News reported.
Last week, Trump announced reciprocal tariffs on countries that have historically imposed high tariffs on the U.S., including China, which faced a 34 percent tariff in addition to existing tariffs on its goods.