China slaps additional 34% tariffs on all US imports; Dow futures plummet 900 points
China announced on Friday, April 4, that it is set to impose an additional 34 per cent tariff on all goods imported from the United States as a counter-move after US President Donald Trump announced his reciprocal tariff move on Liberation Day, April 2. US Tariffs on China US President Donald Trump, on April 2, the day he marked as ‘Liberation Day’, announced 34 per cent reciprocal tariffs on China, on top of an earlier existing import duty of 20 per cent on the Asian nation. Dow Jones Futures The US benchmark index, Dow Jones Industrial Average futures on Friday, April 4, were down over 900 points as China announced its tariff retaliation move against the United States. The Dow Jones Industrial Average closed 3.98 per cent lower at 40,545.93 points, compared to 42,225.32 points at the previous market close.
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