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China imposes a 34% reciprocal tariff on US goods
It didn’t take long for China to retaliate against the Trump administration’s new “Liberation Day” tariffs. Effective April 10, China is imposing a reciprocal 34% tariff on all US imports. The accompanying press release by the Chinese Ministry of Finance refers 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 is also restricting exports of rare earth minerals used in a broad range...
It didn’t take long for China to retaliate against the Trump administration’s new “Liberation Day” tariffs. Effective April 10, China is imposing a reciprocal 34% tariff on all US imports. The accompanying press release by the Chinese Ministry of Finance refers 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 is also restricting exports of rare earth minerals used in a broad range...
