China Strikes Back: Slaps 34% Tariff On US Goods After Trump’s ‘Liberation Day’

U.S. equity futures took another leg lower, the VIX spiked to 36, Treasury yields slipped (UST10Y <4%), crypto tumbled, and the dollar reversed its European session gains—just after 06:00 ET—when China hit back at President Trump’s “Liberation Day” tariff blitz.

Beijing retaliates:

China to impose additional 34% tariffs on **all** imported U.S. products starting April 10, the official Xinhua news agency reports.

— Javier Blas (@JavierBlas) April 4, 2025

According to state-run Xinhua, Beijing announced it would slap 34% retaliatory tariffs on all U.S. imports starting April 10. Details were scarce at the moment.