China to impose 34% Tariff for revenge on all goods imported from the US

The Chinese Finance Ministry on Friday said it would impose a 34% tariff on all goods imported from the United States starting on April 10, after duties imposed by the US President Donald TrumpThe administration earlier this week.

“China calls on the United States to immediately cancel their one -sided tariff measures and to resolve trade differences through consultation on an equal, respectful and mutually beneficial manner.” The ministry saidAccording to Google translation.

He also criticized Washington’s decision to impose 34% of additional reciprocal levies in China-to lead to common US rates against the country to 54%, as “incompatible with international trade rules” and “serious” undermining report From the exit of Chinese State News Xinhua.

Separately, China too Added 11 American companies to “List of unreliable subjects“According to the Beijing administration, it has violated market rules or contractual commitments. The Ministry of Trade of China also Added 16 American formations to his list of export control and said he would implement export control On seven types of rare objects related to Earth, including Samarius, Gadolinium and Terbius.

Beijing also filed a formal complaint against the United States with the World Trade Organization, confirmed the Google Ministry translated into Google releaseSaying that Washington’s tariff policy “seriously violates the rules of the WTO, seriously damages the legitimate rights and interests of members of the WTO and seriously undermines the multilateral trading system based on rules, and international economic and commercial order.”

“China has played it wrong, panicked – the only thing they can’t afford to do! , “Trump said on his social media platform of the truthS

Beijing, who also fun with a heavy trade relationship with Washington at Trump’s first term, He had warned The fact that you will need “decisive counter-measures” to protect its own interests after the White House revealed its latest extensive tariffs on Wednesday.

Other US trading partners have abandoned the announcement of retributed tariffs against the backdrop of hopes for more negotiations, with the European Union still expresseding the willingness to respond.

Mutual American China’s stakes will affect $ 582.4 billion in 2024, in 2024, According to US Sales RepresentativeS

Analysts expect the policies of the protectionist trade policy of the United States to direct China to other trading partners and to see that they are implementing more measures to stimulate in an attempt to downplay the economy. China is fighting a crisis of property and weak consumer and business sentiment from the end of the Covid-19 pandemic.

Chinese vindictive tariffs have announced that Friday is sharpening the fall of global markets, which have already been pushed by troubles with inflation, recession and global risks for economic growth after White House tariffs.