China's tariffs on Trump, 34% tax on U.S. goods and new trade

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The trade war between the United States and China only happened sharply again. On Friday, China announced that starting April 10, all U.S. imports will impose a 34% tariff on all imported goods, the same speed as the new U.S. tariffs, Donald Trump, launched this week, as part of his so-called “Liberation Day” economic agenda. However, the response did not stop. Beijing has also tightened controls on rare earth exports, materials that are crucial to technical products such as smartphones, electric vehicles and military equipment. In the more stringent Controlschina Customs Office, two key elements used in aerospace and medical imaging were used, Samarium and Gadolinium took further action to stop imports of chickens from two U.S. suppliers, Mountaine Farms and coastal processed, after repeated detection of banned drugs in the cargo. Meanwhile, 27 U.S.-related companies have been hit by new trade sanctions or export restrictions, including defense contractors high-point aviation technology and logistics giant General Logistics holdings. Most importantly, China filed a formal complaint with the World Trade Organization, accusing the United States of violating global trade rules and saying that the latest tariffs are the latest tariffs and are not intended to be internationally stable. Back in February, China already had tariffs on U.S. coal, oil, automobile and agricultural equipment ranging from 10% to 15%. Beijing’s message is loud and clear. They did not retreat. With both sides digging, the U.S.-China trade war has just escalated and everyday industries and consumers may end up paying the price. Like this: Just like loading… Discover more from Baller Alertsubscribe for the latest posts sent to your email.

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