BREAKING: China to increase U.S tariffs by 34%

China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump?s ?Liberation Day? slate of double-digit tariffs. The new tariff matches the rate of the U.S. ?reciprocal? tariff of 34% on Chinese exports Trump ordered this week.