China has announced that it will impose an additional 34% tariff on all US goods, effective from 10 April.
The decision comes as a response to the latest trade measures taken by the United States, which China claims are "not in line with international trade rules," according to its finance ministry, reports BBC.
This move follows US President Donald Trump's announcement of a 54% tariff on Chinese products, which includes earlier duties already in place. The escalating trade tensions have sent global markets tumbling for a second consecutive day, fuelling fears of a potential global economic downturn.
Key Discussions Bangladesh Requests<...
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Yunus, Modi meeting marks effort to rebuilding trust
1st-ever Yunus-Modi meet held on BIMSTEC sidelines
a bilateral meeting on the sidelines of the sixth BIMSTEC Summit in Bangkok, Thailand, today (Friday).
Chief Adviser's Press Secretary Shafiqul Alam confirmed the media.
Chief Adviser Dr Muhammad Yunus raised a number of issues in the meeting, including deposed Prime Minister Sheikh Hasina’s extradition, water sharing of common rivers and border killings with Indian Prime Minister Narendra Modi during the much-talked-about bilateral meeting on the sidelines of the BIMSTEC Summit.
Chief Adviser's Press Secretary Shafiqul Alam briefed reporters ...
WTO expresses concern over Trump’s tariff policies
In a statement, she said while the situation is rapidly evolving, our initial estimates suggest that these measures, coupled with those introduced since the beginning of the year, could lead to an overall contraction of around 1% in global merchandise trade volumes this year, representing a dow...