China announces 34% retaliatory tariff on all goods imported from the U.S.
China’s Finance Ministry announced that, starting on April 10, it will impose a 34% tariff on all goods imported from the U.S., following duties imposed by U.S. President Donald Trump’s administration earlier this week. “This practice of the U.S. is not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” the ministry said.
Separately, China’s Ministry of Commerce said it will add 11 American companies to its list of “unreliable entities,” essentially barring them from doing business in China or with Chinese companies. The ministry imposed a licensing system to restrict exports of seven rare earth elements that are mined and processed almost exclusively in China and are used in everything from electric cars to smart bombs.
Read more:
https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html
https://www.nytimes.com/2025/04/04/business/china-trump-tariffs-retaliation.html
https://www.reuters.com/world/china-impose-tariffs-34-all-us-goods-april-10-2025-04-04/
