KEY TAKEAWAYS
- China hit back on President Donald Trump's tariffs, announcing it would impose a 34% duty on all goods imported from the U.S.
- China's finance ministry on Friday said the countermeasures would take effect on April 10.
- Along with the 20% tax Trump imposed earlier in the year to combat fentanyl trafficking, China now faces a total of 54% in U.S. tariffs.
China hit back on President Donald Trump's tariffs, announcing it would impose a 34% duty on all goods imported from the U.S.
China's finance ministry on Friday said the countermeasures would take effect on April 10. The levy matches the 34% import duty the White House said it would impose on Chinese products slated to go into effect no later than April 9. Along with the 20% tax Trump imposed earlier in the year to combat fentanyl trafficking, China now faces a total of 54% in U.S. ta𝔍riffs.
Beijing said Trump's tariffs were "inconsistent with international trade rules, seriously undermines China's legitimate rights and interests, and is a typical unilateral bullying practice."
The ministry of finance said U.S. "goods that have been shipped from the place of departure before 12:01 on April 10, 2025 and imported between 12:01 on April 10, 2025 and 24:00 on May 13, 2025 will not be subject to the additional tariffs."
China also unveiled export bans on seven types of rare earths, 澳洲幸运5官方开奖结果体彩网:expanding the minerals it is barring from being sold to the U.S., according to the state-run Xinhua News Agency. It also expanded its “unreliable entity list” by 11 American companies and launched an anti-dumping investigation into imports of medical CT tubes from the U.S. and India.
UPDATE—April 4, 2025: This article has been updated to include other countermeasures announced by China Friday.