China has retaliated against the Trump administration's recently imposed 'Liberation Day' tariffs by imposing a reciprocal 34% tariff on all US imports, effective April 10. The Chinese Ministry of Finance condemned these US tariffs as a 'unilateral bullying practice.' Additionally, China is restricting the export of rare earth minerals essential for various sectors, including semiconductors and electric vehicles. The Chinese government also blocked 11 US defense companies from trading in China and filed a complaint with the World Trade Organization, alleging that the US tariffs violate WTO regulations.
Effective April 10, China is imposing a reciprocal 34% tariff on all US imports in retaliation to the Trump administration's 'Liberation Day' tariffs.
China's Ministry of Finance describes the Trump tariffs as a 'unilateral bullying practice' and calls for their immediate cancellation.
In addition to the new tariffs, China is restricting exports of rare earth minerals and has blocked trade for 11 US defense companies.
China has lodged a complaint with the World Trade Organization against the US tariffs, claiming they violate WTO rules.
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