China strikes back with 84% tariffs on US goods

China will impose 84% tariffs on US goods from Thursday, up from the 34% previously announced, the finance ministry said on Wednesday, Anews informs via Reuters.

The finance ministry said it would impose additional tariffs on US goods from April 10.

The commerce ministry said it had added 12 US entities to export control list and 6 US entities to "unreliable entity" list

Companies added to the export control list include American Photonics and Novotech. Exports of dual-use items to these companies will be banned.

Those added to the unreliable entities list, including Shield AI and Sierra Nevada Corporation, will be banned from China-related import and export activities and investing in China.

US President Donald Trump has raised tariffs on Chinese imports by 104% so far this year in an escalating trade war.