China hits back with 84% tariffs on US goods after Trump's 104% tariff move

China will impose 84% tariffs on US goods, up from the 34% previously announced, China said on Wednesday. A day ago, US President Donald Trump raised tariffs on Chinese goods to 104% after threatening to impose additional tariffs on Chinese imports if China didn't withdraw its 34% retaliatory tariffs. China said it's equipped to "fully offset" any negative external shocks.