China to impose tariffs of 34% on all US goods from April 10
Beijing's Commerce Ministry also imposed export controls on seven rare earth elements, including gadolinium -- commonly used in magnetic resonance imaging -- and yttrium, which is used in consumer electronics.
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The new tariff from China matches the rate of the U. S. 'reciprocal' tariff of 34 per cent on Chinese exports U. S. President Donald Trump ordered this week.
China produces around 90% of the world's refined rare earths, a group of 17 elements used across the defense, electric vehicle, clean energy and electronics industries.
China Imposes a 34% Tariff on Imports of all U. S. Products
World trade war looms as China strikes all US imports with 34 percent tariff
China Retaliates Against Trump With 34% Tariff on U. S. Goods
China to impose 34% retaliatory tariff on all goods imported from the U. S.
China Retaliates With 34% Tariff on U. S. Goods
China announces 34% retaliatory tariffs on US imports
China to impose tariffs of 34% on all US goods from April 10
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