In a significant escalation of trade tensions between the world’s two largest economies, China has announced that it will impose a 34% tariff on all imports from the United States, effective April 10. This move is a direct response to President Donald Trump’s recent imposition of a similar 34% tariff on Chinese goods, which Beijing has condemned as “unilateral bullying” that violates international trade rules.
The Chinese Ministry of Commerce stated that the tariffs will apply to all U.S. products imported into China, mirroring the U.S. tariffs on Chinese exports. This development marks a heightened phase in the ongoing trade conflict, with both countries engaging in reciprocal measures that could further strain global economic relations.
China has also tightened export controls on rare earth elements, crucial for high-tech manufacturing, and added several U.S. companies to its list of “unreliable entities,” effectively restricting their business operations in China58. These actions underscore China’s determination to counter U.S. trade policies and protect its economic interests.
The escalating trade tensions have raised concerns about the potential impact on global supply chains and economic stability. As both nations continue to exchange retaliatory measures, the situation remains fluid, with further developments expected in the coming weeks
