China hit back at the US with a 34% tariff on American goods. This move starts on April 10. It’s a counterattack after President Donald Trump raised tariffs on Chinese goods to 54%.
China already had a 15% tariff on US coal and natural gas. This new tariff is a big response to Trump’s latest move.
China is also tightening controls on rare earth exports. The country says this is to protect national security and follow international rules.
The US had raised tariffs on Chinese goods by 20% earlier this year. The latest hike adds 34%, making it 54% in total. This escalates the trade war. China complained to the World Trade Organization (WTO) about the US tariffs, saying they break the rules.
President Trump responded on social media, saying China made a mistake because they’re panicked. He said this is the one thing they can’t do.
Key points:
- China imposes 34% tariff on US goods starting April 10
- US had raised tariffs on Chinese goods to 54%
- China tightens controls on rare earth exports
- China complains to WTO about US tariffs
- President Trump responds on social media