China declared a 34% tariff on all U.S. imports, reflecting escalating trade tensions following U.S. tariffs. This measure is a direct response to President Trump's tariffs and matches the rate imposed reciprocally by the U.S. Additionally, China announced further export controls on rare earth elements vital for high-tech industries. It also suspended imports from certain U.S. chicken suppliers over health concerns and added multiple firms to trade sanction lists, indicating a robust response to intensifying trade disputes.
China's announcement that it will impose a 34% tariff on all U.S. imports takes reciprocal trade tension to a new level, mirroring U.S. tariffs.
The new tariff highlights escalating trade disputes, with China also implementing controls on rare earth exports essential for high-tech industries.
Suspensions of chicken imports from U.S. suppliers due to health regulations reflect China's stringent food safety standards amid growing trade tensions.
The addition of 27 firms to trade sanction lists signifies China's proactive stance in tightening control over trade relationships in response to U.S. actions.
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