Xi Jinping Hits Back: China Raises Tariffs On US Goods To 84%, Doubling Down On Trade War

Xi Jinping‘s China has unveiled a significant hike in retaliatory tariffs on U.S. products, intensifying the ongoing trade war between the world’s two biggest economies. On Wednesday, China declared that it will raise its reciprocal tariffs on U.S. goods to 84% from the previous 34% from April 10, reported the South China Morning Post.