BANGKOK, April 4 -- China announced Friday that it will impose a 34 per cent 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 per cent on Chinese exports that Trump ordered this week, AP reports.
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 were samarium and its compounds, which are used in aerospace manufacturing and ...
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