Beijing has announced a significant escalation in the trade conflict with the United States by imposing an additional 34 percent tax on a range of U.S. goods starting April 10. This measure follows President Trump's previously imposed tariffs, elevating total U.S. tariffs to 54 percent. In retaliation, China is also curbing the export of certain rare earth elements and has placed new restrictions on several U.S. companies. Meanwhile, China filed a complaint with the World Trade Organization, asserting that the U.S. actions contravene international trade agreements.
Beijing's Ministry of Finance announced new 34% tariffs on U.S. goods effective April 10, retaliating against existing U.S. tariffs imposed by Trump.
In response to U.S. tariffs, China has implemented additional trade restrictions, including controls on the export of rare earths critical to technology.
The Chinese government aims to safeguard national security and fulfill international obligations with its new export controls targeting specific rare earth elements.
China opened a formal complaint with the World Trade Organization, arguing that new U.S. tariffs violate WTO rules and requesting official consultations.
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