It doesn’t take long for China to take revenge against the new “Liberation Day” rates of the Trump Administration. Starting from April 10, China is imposing a mutual rate of 34% on all US imports.
The press release accompanying the Chinese Ministry of Finance refers to Trump rates as a “unilateral bullying practice” and “urges the United States to immediately cancel its unilateral tariff measures and resolve commercial differences through the consultation in an equal, respectful and mutually advantageous way”.
China is also limiting the exports of rare lands minerals used in a wide range of sectors, from semiconductors to electric vehicles, actually effective. In addition to the new 34%rate, China has blocked 11 defense companies and US drones from trade and export from China. 16 other US companies have been added to the Chinese export control list.
The Chinese Ministry of Commerce has also filed a complaint to the World Commerce Organization, which accuses the Trump rates of violation of the WOP rules. The United States exported $ 143.5 billion in China in 2024.
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