Beijing, 9 April

China on 9 April retaliated to US President Donald Trump's tariffs on Chinese exports by slapping an 84 per cent duty on goods imported from the US, further escalating the trade war between the world's two top economies.

The tariff hike, which is more than 34 per cent, came hours after Trump imposed explosive new tariffs on 60 countries, including a 104 per cent duty on China.

Trump's threat to impose an additional 50 per cent tariff on China came after Beijing refused to roll back the 34 per cent tariffs on US goods it announced last week to retaliate to the 34 per cent tariffs imposed by Trump on Chinese goods.

China is going to raise additional tariffs on products imported from the US to 84 per cent from Thursday. According to the Customs Tariff Commission of the State Council, US reciprocal tariffs "moves in the wrong direction and seriously infringes upon China's legitimate rights and interests."

For China, the US is the third-largest export market. Larry Hu, chief China economist at investment bank Macquarie, estimated that Trump's latest tariffs could reduce China's exports by 15 percentage points and its GDP growth by 2-2.5 percentage points.