China, EU Retaliate as US Tariffs Kick in; House Panel Reviews US 2025 Trade Policy

Beijing announced a tariff hike on U.S. imports from 34 percent to 84 percent shortly after America’s 104 percent tariffs on Chinese imports kicked in on Wednesday. The EU said it would impose 25 percent tariffs on a range of U.S. imports in a first round of countermeasures. The 27-member bloc faces U.S. tariffs of 20 percent on...