Trump’s tariff leads China to revenge by imposing a 34 % tax on American imports and rare ground elements export controls

Beijing – China announced on Friday that it will impose a 34 % tariff on imports of all American products starting from April 10. The new customs tariffs are identical to the rate of US tariff announced by President Trump this week, which was called “mutual”, claiming that China has a tariff and taking other measures on American goods already that reached the trade barrier of 67 %.

For Mr. Trump The so -called “liberation day” definitionsThe White House used a formula to calculate the sum of all commercial practices that it considers unfair from other countries, including currency manipulation, definitions and other barriers, to reach its decision on the tariff for almost every other country in the world. Economists have asked about the methodology, and many of them Foreign governments complained The fees are unfair and the mutilation of commercial imbalances with the United States

In notice, the Ministry of Commerce in Beijing said that it will impose more export controls on rare land elements, materials used in high -tech products such as computer chips and electric vehicle batteries.

The Chinese government said it would add 27 American companies to the lists of companies subject to commercial sanctions or export controls. According to the tightly controlled media in China, expanded export controls will cover seven types of rare Earth -related elements, including samarium, gadolinium, turbium, desperosphere, lottitium, Skldium, and Witrium.

Beijing also announced on Friday that it had filed a lawsuit with the World Trade Organization regarding the Trump administration tariff.

The disclosure of the Trump administration has proven to the huge definition package this week that the intestine of global stocks, with American markets record the worst day of their losses Thursday since Covid Epidem. This bleeding continued from stock values ​​in the Asian and European markets on Friday, when China declared its revenge – to become the first country to do so since Mr. Trump issued his announcement at the White House on Wednesday.

China and other countries have expressed hope to express new trade agreements with Washington, and they assert that they will follow the negotiations that Mr. Trump has indicated to open up, but even close allies such as the United Kingdom, which was beaten with a minimum of 10 % of the basic price, also made it clear that the Shamma measures are still in mind.