BlockBeats News, April 9th, the Customs Tariff Commission of the State Council of China stated that it will adjust the additional tariff rates specified in the "Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Imported Goods Originating in the United States" from 34% to 84%.

A spokesperson for the Ministry of Commerce announced today that China has filed a lawsuit against the United States under the World Trade Organization's dispute settlement mechanism regarding the latest U.S. tariff escalation measures. The U.S.'s so-called "reciprocal tariff" measures seriously violate WTO rules. The additional 50% tariff imposed this time is compounding the error and highlights the unilateral bullying nature of the U.S. actions. China will firmly defend its legitimate rights and interests in accordance with WTO rules and steadfastly uphold the multilateral trading system and international economic and trade order. (Golden Finance)