China has announced it is to impose additional tariffs on US goods.
The tariffs will come into force from tomorrow, China’s finance ministry said.
It means tariffs of 84% will be enforced on US goods – up from the 34% China had previously planned.
It signals an escalation of the global trade war and comes after the US hit Beijing with an extra 50% tariff this week.
Those followed two previous levies of 34% and 20%, meaning US tariffs on China reached 104% from this morning.
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As part of a new complaint to the World Trade Organisation, China said the United States’ decision to impose tariffs threatened to further destabilise global trade.
“The situation has dangerously escalated,” China said in a statement.
As one of the affected members, China expresses grave concern and firm opposition to this reckless move.”
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Sky’s Asia correspondent Helen-Ann Smith said: “China is really the only nation in the world at the moment that is choosing to take a stand.
“While others are publicly making concessions and…
