China Imposes Retaliatory 34% Tariff on All U.S. Imports
On April 4, 2025, China announced that it would impose a retaliatory 34% tariff on all U.S. imports, effective April 10. This move comes in response to a similar tariff of the same rate imposed by U.S. President Donald Trump earlier this week as part of his "Liberation Day" trade package.The U.S. 34% tariff is an addition to previously established duties, pushing the overall tariff rate on Chinese goods to potentially over 54%. In retaliation, the Chinese Commerce Ministry also filed a lawsuit with the World Trade Organization (WTO), accusing the U.S. of engaging in “unilateral bullying” and violating WTO rules, which has destabilized the global economic and trade order.Additionally, China announced tighter export restrictions on rare earth minerals, which are crucial in producing technology products such as computer chips and electric vehicle batteries. Certain minerals like samarium and gadolinium, […]
