China hits back hard in global trade war with a 34% tariff on imports of all U.S. products

China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs. Analysis by Moshe Lander, senior lecturer of economics at Concordia University.