- China Imposes 34% Tariff on US Goods: In response to new US tariffs, China will start taxing all American imports at 34% from April 10.
- Export Controls on Rare Earths: China is also restricting exports of key materials used in high-tech products to protect its national interests.
- Trade Tensions Escalate: China added 27 US companies to a sanctions list and plans to file a complaint with the World Trade Organization.
China has announced it will place a 34% tariff on goods coming from the United States.
This is a direct response to similar tariffs introduced earlier in the week by US President Donald Trump, who said the move was part of his plan to protect American trade interests.
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China’s Ministry of Commerce said the new tariffs will start on April 10 and affect all US products. At the same time, China will also begin controlling exports of certain important materials, like medium and heavy rare earths, which are used in things like computer chips and electric car batteries. These restrictions began on April 4
China descried the US tariffs as unfair and said they go against international trade rules. In response, China also added 27 American companies to its list of businesses facing trade restrictions and said it will file a complaint with the World Trade Organization.
President Trump had earlier announced a range of new tariffs—starting at 10%—on imports from several countries. China was hit with a 34% tariff, India 26%, Vietnam 46%, South Korea 25%, the UK 10%, the EU 20%, and Cambodia 49%.
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Trump defended his decision by saying American taxpayers had been treated unfairly in global trade for over 50 years, and that his tariffs would help fix that. Experts say these new tariffs mean the US now taxes Chinese goods at an average rate of about 65%, including tariffs from Trump’s first term that were kept by President Joe Biden.
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