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    China to impose 34% retaliatory tariff on all US imports from Apr 10



    China will impose additional tariffs of 34 per cent on all goods imported from the United States from April 10 as a countermeasure to imposition of 34-per cent additional reciprocal levies on the former by US President Donald Trump, the Chinese Finance Ministry announced today.

    The ministry criticised the US decision, which brings the total US tariffs against the country to 54 per cent, as “inconsistent with international trade rules”.

    “This is a typical act of unilateral bullying,” the ministry had reacted earlier.

    China will impose additional tariffs of 34 per cent on all US imports from April 10 as a countermeasure to imposition of 34-per cent additional reciprocal levies on the former by the US President, it announced today.
    As part of the retaliatory measures, Beijing has reportedly put export controls on 16 US firms and suspended the eligibility of six US-linked companies from exporting to China.

    As part of the retaliatory measures, Beijing has reportedly put export controls on 16 US firms and suspended the eligibility of six US-linked companies from exporting to China.

    In addition, China will impose more restrictions on the exports of some rare earth minerals.

    Fibre2Fashion News Desk (DS)




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