BANGKOK: China announced Friday that it will impose a 34 percent tariff on imports of all US products beginning April 10, part of a flurry of retaliatory measures following US President Donald Trump’s “Liberation Day” slate of double-digit tariffs.
The new tariff matches the rate of the US “reciprocal” tariff of 34 percent on Chinese exports that Trump ordered this week.
The Commerce Ministry in Beijing also said in a notice that it will impose more export controls on rare earths, which are materials used in high-tech products such as computer chips and electric vehicle batteries.
Included in the list of minerals subject to controls was samarium and its compounds, which are used in aerospace manufacturing and the defense sector. Another element called gadolinium is used in MRI scans.
China’s customs administration said it had suspended imports of chicken from some US suppliers after detected furazolidone, a drug banned in China, in shipments from those companies.
Separately, it said had found high levels of mold in the sorghum and salmonella in poultry meat from some of the companies. The announcements affect one company exporting sorghum, C&D Inc., and four poultry companies.
Additionally, the Chinese government said it had added 27 firms to lists of companies subject to trade sanctions or export controls.
Among them, 16 are subject to a ban on the export of “dual-use” goods. High Point Aerotechnologies, a defense tech company, and Universal Logistics Holding, a publicly traded transportation and logistics company, were among those listed.
Beijing also announced it filed a lawsuit with the World Trade Organization over the tariffs issue.
“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 and international economic and trade order,” the Commerce Ministry said.
“It is a typical unilateral bullying practice that endangers the stability of the global economic and trade order. China firmly opposes this,” it said.
Other actions include the launch of an anti-monopoly investigation into DuPont China Group Co., a subsidiary of the multinational chemical giant, and an anti-dumping probe into X-ray tube and CT tubes for CT scanners imported from the US and India.
In February, China announced a 15 percent tariff on imports of coal and liquefied natural gas products from the US It separately added a 10 percent tariff on crude oil, agricultural machinery and large-engine cars.
Dozens of US companies are subject to controls on trade and investment, while many more Chinese companies face similar limits on dealings with US firms.
The latest tariffs apply to all products made in the US, according to a statement from the Ministry of Finance’s State Council Tariff Commission.
While friction on the trade front has been heating up, overall relations are somewhat less fractious.
US and Chinese military officials met this week for the first time Trump took office in January to shared concerns about military safety on the seas. The talks held Wednesday and Thursday in Shanghai were aimed at minimizing the risk of trouble, both sides said.
China imposes a 34 percent tariff on imports of all US products starting April 10
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China imposes a 34 percent tariff on imports of all US products starting April 10
- The new tariff matches the rate of the US “reciprocal” tariff of 34 percent on Chinese exports that Trump ordered this week
- China’s customs administration said it had suspended imports of chicken from some US suppliers after detected furazolidone
Russia bombards Kyiv as Ukraine issues countrywide alert
- Ukraine’s air force warned “all of Ukraine is under a missile threat” after confirming Russian bombers were airborne
KYIV, Ukraine: Russian strikes on Ukraine’s capital and its suburbs killed at least three people, Kyiv’s mayor said Friday as the air force issued a countrywide missile warning.
“Three people died in the capital. Six people were wounded. Three of them were hospitalized,” Kyiv Mayor Vitali Klitschko posted on Telegram.
Regional governor Mykola Kalashnyk urged people to stay in shelters until the air raid sirens lifted.
Ukraine’s air force warned “all of Ukraine is under a missile threat” after confirming Russian bombers were airborne.
In the western city of Lviv, the mayor said “critical infrastructure” was hit.
“All relevant services are working on the site, the fire is being extinguished,” Mayor Andriy Sadovy said.
The latest barrage comes after the US Embassy in Kyiv warned Thursday that a “potentially significant air attack” could occur at any time within the next several days.
Ukrainian President Volodymyr Zelensky had echoed the rare warning in his evening address.
Hours before the attack, Moscow had slammed a post-war plan for European peacekeepers to be deployed to Ukraine and branded Kyiv and its allies an “axis of war.”
European leaders and US envoys have been engaged in a flurry of diplomacy seeking to finalize a plan to end the almost four-year-long conflict.
In its latest iteration, the proposal’s post-war guarantees for Ukraine include a US-led monitoring mechanism and a European multinational force to be deployed once the fighting stops.
Zelensky said Thursday that an agreement was “essentially ready for finalization at the highest level with the President of the United States” following talks between envoys in Paris this week.
Specific details, including about the size of the force and how it would engage, have not been made public.
