China – imposed 125% retaliatory duties on US goods imports. In excess of 50% of China exports to the US affected by the high tariff wall. Risk of diversion of goods into other markets with low overall tariffs, eg. the UK. EU – two stage response – vote on 9 April on steel and aluminium tariff response – was due to take effect on 15 April (now suspended).
Find out more here – https://www.britishchambers.org.uk/us-trade-tariffs-and-the-global-economy/.
