Source link : https://tech365.info/china-imposes-a-34-reciprocal-tariff-on-us-items/
It didn’t take lengthy for China to retaliate in opposition to the Trump administration’s new “Liberation Day” tariffs. Efficient April 10, China is imposing a reciprocal 34% tariff on all US imports.
The accompanying press launch by the Chinese language Ministry of Finance refers back to the Trump tariffs as a “unilateral bullying practice” and “urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and mutually beneficial manner”.
China can also be proscribing exports of uncommon earth minerals utilized in a broad vary of sectors, from semiconductors to electrical autos, efficient instantly. Along with the brand new 34% tariff, China has blocked 11 US protection and drone firms from buying and selling and exporting from China. An extra 16 US firms have been added to China’s export management record.
China’s Ministry of Commerce additionally filed a grievance with the World Commerce Group, which accuses the Trump tariffs of violating WTO guidelines. The US exported $143.5 billion in items to China in 2024.
Supply (in Chinese language)
Author : tech365
Publish date : 2025-04-05 14:40:00
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