China Files WTO Lawsuit, Slaps 34% Tariff on U.S. Imports

​In response to recent U.S. trade measures, China has announced the imposition of an additional 34% tariff on all U.S. goods, effective April 10, 2025. This decision follows U.S. President Donald Trump’s implementation of a 54% tariff on Chinese products, which includes earlier duties already in place.

Trade tensions are worsening, which has resulted in a lot of market volatility. Many major stock indicators, including London’s FTSE 100 and some Asian markets, have declined. In the United States, the Dow Jones Industrial Average dropped by 1,600 points on April 3, 2025. This was one of the biggest drops in a single day since the pandemic began in 2020. ​

In addition to the tariffs, China has filed a lawsuit with the World Trade Organization (WTO) challenging the U.S. measures. A spokesperson from China’s Ministry of Commerce stated that the U.S.-imposed tariffs “seriously violate WTO rules, damage the legitimate rights and interests of WTO members, and undermine the rules-based multilateral trading system and the international economic and trade order.” ​

Individuals worldwide responded swiftly to address these occurrences. Most world leaders fear that the U.S. taxes will slow down the world economy, and thus they are seeking means to mitigate their impact. The U.K. Treasury said that work is continuing “at pace” to complete a trade agreement with the U.S., even though there are still trade risks in other parts of the world. ​