China, EU retaliate towards US levies – DW – 04/09/2025 | EUROtoday

US President Donald Trump’s sweeping tariffs got here into impact on Wednesday, together with an enormous 104% responsibility on Chinese items.

The new levies additionally focused imports from allies, such because the European Union and Japan, sparking fears of a world commerce warfare, with Trump saying the goal nations are “ripping off” the US.

The custom-made charges for almost 60 economies supersede the ten% baseline duties that took impact over the weekend.

China, the primary goal, faces the heaviest affect.

In tit-for-tat tariff impositions, China introduced final Friday 34% in further tariffs on all items imported from the US, beginning Thursday, matching Trump imposing new levies of 34% on China.

Trump responded by including one other 50% responsibility after China’s countermeasures, slapping a complete of 104% duties on Chinese items.

The Trump administration says nations like Japan, South Korea, and Vietnam are open to negotiations, with Trump telling fellow Republicans at a dinner on Tuesday night that nations have been “dying” to make a deal.

“I’m telling you, these countries are calling us up kissing my ass,” he mentioned.

The tariffs have rattled markets — wiping almost $6 trillion off the S&P 500.

On Wednesday, Asian markets opened down once more whereas China’s offshore yuan fell to an all-time low towards the US greenback. Oil costs additionally slumped.

Meanwhile, Canada mentioned that its tariffs on sure US auto imports will come into pressure Wednesday.