China retaliates against US with 34% import tariffs
China will implement a 34% tariff on all imports from the United States starting April 10, as announced by the country's Finance Ministry on Friday. This decision is a response to US President Donald Trump’s announcement of a 34% levy on Chinese...
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China will implement a 34% tariff on all imports from the United States starting April 10, as announced by the country's Finance Ministry on Friday. This decision is a response to US President Donald Trump’s announcement of a 34% levy on Chinese goods, marking an escalation in the ongoing tariff war.
The announcement from Beijing follows a condemnation from the Ministry of Commerce, which criticized the US tariffs as “unilateral bullying.”
On Wednesday, Trump introduced a wide range of tariffs, varying from 10% to 49% on imports from all nations, citing the principle of reciprocity as the basis for the measures.
China, which Trump has identified as one of the “worst offenders,” is now facing a new 34% tariff on its exports to the US, in addition to an existing 20% levy, making the total duties at least 54%.
In response to the tariffs, Beijing has initiated legal action at the World Trade Organization.
Moreover, alongside the WTO lawsuit, China's Commerce Ministry has introduced new restrictions targeting American companies. Eleven US firms have been added to China's unreliable entities list due to their alleged military cooperation with Taiwan. Additionally, 16 US companies are now subject to new export control measures intended to monitor the transfer of dual-use goods.
Before the latest round of US tariffs, there was a significant tariff disparity between the two countries. Data from Bloomberg indicated that China’s average tariff on US products was at 17.8%, while the US imposed a 32.8% tariff on Chinese goods.
“The US action does not abide by international trade rules, severely undermines China’s legitimate and lawful rights and interests, and is typical unilateral bullying,” stated the Finance Ministry in a release announcing the reciprocal 34% tariffs.
China has strongly denounced these measures, highlighting that they jeopardize the balance achieved through years of multilateral trade negotiations. The country has called on Washington to “immediately” lift the tariffs and to resolve any disputes through “fair and equal dialogue” with its trading partners.
Anna Muller for TROIB News
The announcement from Beijing follows a condemnation from the Ministry of Commerce, which criticized the US tariffs as “unilateral bullying.”
On Wednesday, Trump introduced a wide range of tariffs, varying from 10% to 49% on imports from all nations, citing the principle of reciprocity as the basis for the measures.
China, which Trump has identified as one of the “worst offenders,” is now facing a new 34% tariff on its exports to the US, in addition to an existing 20% levy, making the total duties at least 54%.
In response to the tariffs, Beijing has initiated legal action at the World Trade Organization.
Moreover, alongside the WTO lawsuit, China's Commerce Ministry has introduced new restrictions targeting American companies. Eleven US firms have been added to China's unreliable entities list due to their alleged military cooperation with Taiwan. Additionally, 16 US companies are now subject to new export control measures intended to monitor the transfer of dual-use goods.
Before the latest round of US tariffs, there was a significant tariff disparity between the two countries. Data from Bloomberg indicated that China’s average tariff on US products was at 17.8%, while the US imposed a 32.8% tariff on Chinese goods.
“The US action does not abide by international trade rules, severely undermines China’s legitimate and lawful rights and interests, and is typical unilateral bullying,” stated the Finance Ministry in a release announcing the reciprocal 34% tariffs.
China has strongly denounced these measures, highlighting that they jeopardize the balance achieved through years of multilateral trade negotiations. The country has called on Washington to “immediately” lift the tariffs and to resolve any disputes through “fair and equal dialogue” with its trading partners.
Anna Muller for TROIB News
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