Beijing hits back: China declares retaliatory tariffs on all US goods from April 10

The Chinese Finance Ministry announced that it will impose an additional 34 % tariff on all American goods, as of April 10. This procedure is a direct response to the wide definitions announced by US President Donald Trump against Chinese products. ​

The decision was taken after a request from Beijing to Washington to cancel the latest customs tariff, with a warning of possible revenge measures to protect the interests of China. The Ministry of Commerce stated that “China strongly opposes this measure and will implement counter -measures to support its rights and interests,” with continued tensions between the best economy in the world, which leads to more commercial conflicts.

According to CCTV in China, 11 American companies have been added to the list of “unreliable entity” in China. China implements export controls on rare ground elements, such as Samarium, Jadulinium, Turbium, Disbrocum, Lottium, Skldium, and Yatirium, which are vital for high -tech industries including semiconductor production, manufacture of electric vehicles, and the development of military equipment.

“The purpose of the Chinese government’s implementation of the export controls on related items in accordance with the law is to better protect national security and interests, and for the death of international obligations such as non -spread,” the Ministry of Commerce said in a statement.

On Thursday, President Trump revealed a mutual plan to impose a 10 % tariff on imports from all countries entering the United States. American definitions include a 10 % global tariff on all imports from April 5, with an additional “mutual tariff” against some countries, including an increase of 34 % on Chinese goods, raising the total Chinese import tariff to 54 %. These measures led to significant fluctuations in global markets, with major indicators witnessing sharp declines and fears of global recession. ​

Trump recently took a measure by signing an executive order to close a commercial vulnerability referred to as “De Minimis”, which previously allowed small packages from China and Hong Kong to enter the United States without paying duties.

This step coincides with the evaluation of the American trade representative of China’s compliance with the conditions of the “first stage” trade agreement for 2020. The China agreement imposed its purchases of US exports by 200 billion dollars during a two -year timetable. Although indicated the effects of the Covid-19s, Beijing failed to achieve its specified goals.

The reprisals in China are expected to affect a wide range of American industries, especially those participating in agriculture and manufacturing. This escalation in trade tensions has sparked concerns about the prolonged economic conflict between the largest economy, with possible repercussions on global trade and economic stability.

Moreover, the European Union faces a 20 % tariff, while Vietnam leads at a rate of 46 %. Taiwan follows 32 %, Japan by 24 %, India by 26 %, and South Korea by 25 %. Thailand is subject to a 36 % tariff, Switzerland 31 %, Indonesia and Malaysia 32 % and 24 %, respectively. Cambodia is one of the highest rates at 49 %. The UK has 10 % less tariff, while South Africa is 30 % and Brazil is 10 %. Bangladesh was subjected to a large tariff of 37 %, Singapore is only 10 %, and Israel and the Philippines each of 17 %. Chile and Australia have a 10 % tariff, while Pakistan is 29 %, Turkey by 10 %, and Sri Lanka by 44 %.