China officially commenced the implementation of its planned retaliatory tariffs on US goods on Thursday, imposing an additional 84 per cent duty on imports from the U.S.
The move came after Washington escalated its trade pressure, with U.S. President Donald Trump announcing on Wednesday a new plan to raise tariffs on Chinese imports even further to 125 per cent.
Chinese officials have, however, rejected the US approach, accusing Washington of blackmail and pledging to resist pressure in the ongoing trade dispute.As tensions rise with the US, China is reaching out to other partners
