China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump. - REUTERS
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00:00China retaliated against U.S. tariffs on Wednesday.
00:05Beijing announced it will impose 84% tariffs on U.S. goods from Thursday, up from 34% previously announced.
00:13It's the latest aggressive move in a global trade war started by U.S. President Donald Trump.
00:20U.S. Treasury Secretary Scott Besant called China's latest move unfortunate and a losing proposition for Beijing.
00:28Trump's reciprocal tariffs on dozens of countries took effect earlier Wednesday and saw massive 104% duties on Chinese goods.
00:36The tariffs have shaken a global trading order that has persisted for decades.
00:41It's further raised fears of recession and wiped trillions of dollars off the market value of major firms.
00:48Trump nearly doubled duties on Chinese imports which had been set at 54% last week.
00:54That was in response to previous counter tariffs from Beijing.
00:57Earlier in the day, China called its trade surplus with the U.S. an inevitability.
01:02And Beijing warned it had the determination and means to continue the fight if Trump kept hitting Chinese goods.
01:09China also told the World Trade Organization Wednesday U.S. tariffs threatened to further destabilize global trade.
01:16China's hard sell to China's market East and Union for the U.S. use a trade with China asetics who sights on the same a trade.
01:17China has achieved Laождения Trump's the Agile robplain effect as Canadians to further end up trading that trade.
01:18China has been sold to China in India for a generational market�� trading interest sometimes.
01:19China's agreed to harder trade to China and the Korean market trade cannot release the Alfred West Sea and the eastern Breathелен
01:20and the Central Bank trade by the United States costs business and Israeli Ed Jian on the subject of good trade and the other world trade fan trend