China imposes a 34% reciprocal tariff on US goods | Infinium-tech
China did not take long to retaliate against the Trump administration’s new “liberation day” tariff. Effective since April 10, China is imposing a mutual 34% tariff on all American imports.
The press release by the Chinese Finance Ministry refers to Trump Tarifs as “unilateral bullying exercises” and “urges the United States to immediately cancel its unilateral tariff measures and solve the business differences through a uniform, respectable and mutually beneficial manner”.
China is also restricting the export of rare earth minerals, which are effectively effective, from semi -circulars to electric vehicles. In addition to the new 34% tariffs, China has blocked 11 US defense and drone companies from trade and exports from China. An additional 16 American companies were added to China’s export control list.
China’s Commerce Ministry also filed a complaint with the World Trade Organization, alleging that Trump Tariff has been accused of violating the WTO rules. The US exported $ 143.5 billion to goods to China in 2024.
Source ,In sugar,
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