In a dramatic escalation of trade tensions, China has announced an
The move comes in direct response to the U.S. increasing its own tariffs on Chinese exports from 34% to 84% just a day earlier.
The State Council Tariff Commission, under China’s finance ministry, described the U.S. actions as “unilateralism” and “economic bullying,” accusing Washington of violating international trade rules and undermining global economic stability.
Citing national laws and international principles, China emphasized its legal basis for the retaliation, urging the U.S. to cancel what it called “wrong practices” and return to the negotiation table.
This tariff war marks a new low in U.S.-China trade relations, with both sides now imposing near-prohibitive tariffs on each other’s goods. Global markets reacted swiftly to the news — Bitcoin (BTC), often seen as a hedge against geopolitical turmoil, briefly fell below $76,000. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.