China increase retaliatory tariff to 84% from 34%

On April 9, 2025, the U.S. implements the additional 50% tariff as promised, raising the total tariff rate on Chinese imports to 104% (20% from February, 34% from April 2, plus 50% on April 9).
China in response had also raised another 50% tariff, mirroring US tariff action.
DPA believe that we are now heading towards the scenario of the total cutting of trade between the two countries by the end of the month.