Beijing’s latest move comes right after the duties imposed by U.S. President Donald Trump early this week. China will enforce a massive 34 percent tariff on all goods imported from the United States.

This decision significantly escalates the ongoing trade tensions and raises concerns among economists and business leaders. The implications could be significant for companies operating in both countries.

As global markets respond, businesses must prepare for challenges posed by these tariffs. Analysts will be keenly observing how this affects trade relationships and economic performance moving forward.