China has declared a 34% tariff on all U.S. imports starting April 10, mirroring new U.S. tariffs imposed by President Trump. This action is part of a larger array of retaliatory measures, including stricter export controls on rare earth materials crucial for technology and energy sectors. Additionally, China is expanding sanctions on specific firms and has taken legal action against the U.S. at the WTO, asserting that U.S. tariffs violate international trade rules and harm global economic stability. This tit-for-tat situation marks a significant escalation in ongoing trade disputes between the two nations.
China announced it will impose a 34% tariff on all U.S. imports beginning April 10, retaliating against U.S. tariffs imposed earlier by President Trump.
The new tariffs from China align with a recent 34% tariff the U.S. imposed on Chinese exports, indicating a tit-for-tat escalation in trade tensions.
Beijing's announcement also includes export controls on rare earths and a lawsuit with the WTO, reflecting serious discontent over U.S. trade practices.
China's Commerce Ministry criticized the U.S. tariffs as unilateral bullying that undermines global economic stability and flouts WTO rules, posing a threat to the trade order.
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