Following the US announcement of tariffs on imports from China, Beijing has responded with its own increased tariffs and export controls. The tariffs on US products will take effect on April 10, totaling 54% when combined with previous tariffs. The Chinese Commerce Ministry defended its actions by criticizing the US for violating WTO rules and stated it would also file a lawsuit with the WTO against these tariffs. Furthermore, China intensified controls on rare earth materials critical for tech industries, indicating significant escalations in trade relations.
The United States' imposition of so-called 'reciprocal tariffs' seriously violates WTO rules, seriously damages the legitimate rights and interests of WTO members, and seriously undermines the rules-based multilateral trading system.
The Commerce Ministry in Beijing announced it would increase export controls on key rare earth materials that are essential for high-tech industries, signaling further tensions in US-China trade relations.
Collection
[
|
...
]