It didn’t take long for China to retaliate over the new Trump administration. “Day of Liberation” tariff. Since April 10, China has a 34%tariff on all US imports.
The press release of the Chinese Treasury, referring to the Trump tariff as a “unilateral harassment practice,” and “the United States immediately canceled unilateral tariff measures, and urged the problem to solve the trading difference through consultation in a good way.
China also immediately limits the export of rare earth minerals used in a wide range of sectors, from semiconductors to electric vehicles. In addition to the new 34%tariffs, 11 US defense and drone companies have prevented China’s transactions and exports. 16 additional US companies have been added to China’s export control list.
China’s Commerce Department also complained about the World Trade Organization, which accused the Trump tariff for violating the WTO rules. The United States exported $ 14.5 billion to China in 2024.
source (In Chinese))
