China slaps 84% tariffs on all US imports

China’s Ministry of Finance has announced an 84% tariff on all goods imported from the US. These new tariffs will take effect at 12:01 CST on April 10.

This move is seen as retaliation to President Trump’s earlier 104% tariffs on Chinese goods.

The announcement triggered a sharp drop in European markets:

UK’s FTSE 100 dropped by 3.3%;
Germany’s DAX fell by 4%;
France’s CAC 40 dropped 4%.

Attention is now turning to the US markets, which will open at 14:30 BST to assess the impact. Read 'Zamin' on Telegram!