China to impose 34% retaliatory tariff on all goods imported from the U.S.

China will impose additional 34-percent tariffs on all products imported from the United States starting from April 10, Xinhua news agency reported citing a statement by the Customs Tariff Commission of the State Council of China.

The announcement follows the U.S. decision to impose "reciprocal tariffs" on Chinese exports to the United States, a move that the commission said “does not conform to international trade rules, seriously undermines China's legitimate rights and interests, and represents a typical act of unilateral bullying.”