from RT:
The move follows President Donald Trump’s “reciprocal” duties on all Chinese goods
China will impose a 34% tariff on all imports from the US starting April 10, the country’s Finance Ministry announced on Friday. The decision follows US President Donald Trump’s announcement of a 34% levy on Chinese goods in the latest escalation of a tariff war.
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Beijing’s announcement comes after the Ministry of Commerce condemned the US tariffs, denouncing them as “unilateral bullying.”
Trump on Wednesday rolled out a broad new slate of tariffs ranging from 10% to 49% on imports from all countries, based on what the US president called the principle of reciprocity.
China – labeled one of the “worst offenders” by Trump – was hit with a new 34% tariff on its exports to the US, on top of an existing 20% levy, bringing total duties to at least 54%.
Beijing has also filed a lawsuit with the World Trade Organization (WTO) in response to the tariffs.
Alongside the WTO action, China’s Commerce Ministry introduced new restrictions aimed at American companies. Eleven US firms were added to China’s unreliable entities list due to their reported military cooperation with Taiwan. Additionally, 16 US companies were placed under new export control measures designed to monitor the transfer of dual-use goods.
