China imposing 34 percent tariffs on all US products

In response to President Trump’s latest tariffs on foreign trading partners, China announced Friday that it will impose a 34% reciprocal tax on imports beginning next week.

“The US practice is inconsistent with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice,” China’s State Council Tariff Commission said in a policy statement.

According to the officials, the move “not only undermines the interests of the United States itself but also endangers global economic development and the stability of the production and supply chain.”

The retaliatory tariffs, which were expected after the nation responded to the Trump administration’s imposition of 34% tariffs on top of an existing 20% tax, will take effect on Thursday.

The Chinese government also stated that it has added 11 US companies to its “unreliable entity list” and imposed export controls on 16 firms to prevent the export of dual-use products.

Beijing also announced that it would impose export controls on seven rare earth minerals, including gadolinium and samarium. In addition, a probe was inserted into medical X-ray tubes from India and the United States.

“China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful, and mutually beneficial manner,” China’s State Council Tariff Commission said Friday.

Trump previously imposed a 10% tariff on China, accusing it of doing little to reduce the flow of fentanyl and other illegal drugs into the United States. On Wednesday, the president announced a 10% flat import rate for nearly all foreign countries, as well as higher tariffs for approximately 60 countries that will take effect next week.

The most recent round of tariffs enabled Trump to keep a campaign promise. Despite financial market declines and economists’ warnings of a possible recession that could drive up prices, the administration has argued that the additional taxes will boost domestic manufacturing and create more jobs.

The president is facing at least one legal challenge to his latest tariffs. The conservative New Civil Liberties Alliance filed the suit Thursday on behalf of Simplified, a Florida-based small business that sells planners and imports products from China.

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