- To impose tariffs of 34% on all US goods
- Additional tariffs will go into effect starting from 10 April
- Adds 16 US entities to export control list
- Additional restrictions on some rare earths related items
Risk sentiment is taking a further knock on the day on the headlines here. S&P 500 futures are now down 1.4% and 10-year Treasury yields have plunged to 3.90% – down 15 bps on the day
China announces tariffs of 34% on all US goods in retaliation