Close Menu
Sunshine News Network
  • Home
  • Daily
    • Entertainment
  • Florida
  • Latest News
    • Opinion
  • Politics
  • Sports
  • Trending
  • USA
  • Business
  • Crime

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

A third girl dies after a crash on a Miami Sailing Camp Boat

August 4, 2025

“Ready to name”: Pinellas Rep. Luna pushes to ban stock trading in Congress

August 3, 2025

Orange County Demings agrees to sign an immigration enforcement agreement following a dispute with DeSantis

August 3, 2025
Facebook X (Twitter) Instagram
  • Home
  • Daily
    • Entertainment
  • Florida
  • Latest News
    • Opinion
  • Politics
  • Sports
  • Trending
  • USA
  • Business
  • Crime
Facebook X (Twitter) Instagram Pinterest
Sunshine News Network
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Crime
Sunshine News Network
Home » China has imposed a 34% tariff on imports of US products since April 10th
Business

China has imposed a 34% tariff on imports of US products since April 10th

adminBy adminApril 4, 2025No Comments3 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Huizhong Wu and Elaine Kurtenbach, Associated Press

BANGKOK (AP) – China announced on Friday that it will impose a 34% tariff on imports of all US products starting April 10th. This is part of a gust of retaliation following the double-digit tariffs on US President Donald Trump’s “liberation day.”

The new tariffs coincide with the 34% US “mutual” tariffs on China’s exports that Trump ordered this week.

Beijing’s Commerce Ministry also said in a notice that it would impose more export controls on rare earths, materials used in high-tech products such as computer chips and electric vehicle batteries.

The list of minerals targeted for control included samarium and its compounds used in the aerospace manufacturing and defense sectors. Another element called gadolinium is used in MRI scans.

China’s customs agency said it has halted imports of chicken from some US suppliers after the Chinese banned drug furazolidone was shipped from these companies.

Separately, he said he discovered high levels of mold in chicken sorghum and salmonella from some companies. The announcement will affect Sorghum, C&D Inc. and one company that exports four poultry companies.

Additionally, the Chinese government said it has added 27 companies to its list of companies subject to trade sanctions or export controls.

Of these, 16 people are subject to a ban on exporting “double use” goods. It was one of the companies listed: High Point Aerotechnologies, a defense technology company, and Universal Logistics Holding, a public transport and logistics company.

Beijing also announced it had filed a lawsuit with the World Trade Organization over the tariff issue.

“The imposition of so-called ‘mutual tariffs’ violates a serious violation of WTO rules, seriously damages the legitimate rights and interests of WTO members, seriously undermines the rules’ system of multilateral trading and international economic order,” the Ministry of Commerce said.

“This is a typical unilateral bullying practice that puts the stability of the global economic and trade order at stake. China is firmly against this,” it said.

Other actions include launching an anti-monopoly investigation into Dupont China Group Co., a subsidiary of a major multinational chemical company, and anti-dumping probes to X-ray tubes and CT tubes for CT scanners imported from the US and India.

In February, China announced a 15% tariff on imports of coal and liquefied natural gas products from the United States. This added separate 10% tariffs on crude oil, agricultural machinery and large engine vehicles.

Dozens of US companies are subject to trade and investment control, but more Chinese companies face similar restrictions on trading with US companies.

According to a statement from the Treasury’s State Council Customs Commission, the latest tariffs apply to all products made in the United States.

Frictions on the trade front are intensifying, but overall relationships are somewhat unequal.

We and Chinese military authorities met for the first time this week to share concerns about marine military security, when Trump took office in January. The talks held in Shanghai on Wednesday and Thursday were aimed at minimizing the risk of trouble, both sides said.

Original issue: April 4, 2025, 7:19am Edit



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Business

Do you want to retire abroad? This is the first thing to consider – Orlando Sentinel

August 3, 2025
Business

Reader questions about trusts, taxes and QCD

August 2, 2025
Business

It’s Trump’s economy now. The latest financial numbers provide some warning signs – Orlando Sentinel

August 2, 2025
Business

Judges will suspend use of citizen insurance for binding arbitration

August 2, 2025
Business

Trump removes oversight of official employment data after weak reports

August 2, 2025
Business

What consumers can expect from import taxes as we set customs fees

August 1, 2025
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

A third girl dies after a crash on a Miami Sailing Camp Boat

August 4, 2025

“Ready to name”: Pinellas Rep. Luna pushes to ban stock trading in Congress

August 3, 2025

Orange County Demings agrees to sign an immigration enforcement agreement following a dispute with DeSantis

August 3, 2025

Publix reports higher sales and profits

August 3, 2025
Latest Posts

Florida is growing to affordable prices. Do politicians notice?

July 10, 2025

Donald Trump, Paramount Global and the ’60 Minutes’ travesty

July 10, 2025

Record-breaking state funding updates hopes for Florida citrus crops

July 9, 2025

Welcome to Sunshine News Network – your trusted source for the latest and most reliable news in Florida.

At Sunshine News Network, our mission is to provide up-to-date, in-depth coverage of everything that matters to Floridians. From breaking news and local events to lifestyle trends and weather updates, we are here to keep you informed, engaged, and connected with the Sunshine State.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Crime
© 2025 sunshinenewsnetwork. Designed by sunshinenewsnetwork.

Type above and press Enter to search. Press Esc to cancel.