
Trade war: China to retaliate with more tariffs on US goods from April 10
retaliatory measures, including steep tariffs and export controls on critical materials.
The Chinese Finance Ministry has said that starting April 10, Beijing will impose additional tariffs of 34% on all US goods, adding fuel to the already fiery trade war.
This comes as a direct response to Trump's recent trade actions, including reciprocal tariffs at 34% and export bans targeting Chinese firms.
Meanwhile, the Commerce Ministry has said it is adding 16 US entities to its export control list, further restricting their access to Chinese markets and technologies.
Additionally, 11 American firms have been placed on China’s ‘unreliable entity’ list, according to state broadcaster CCTV.
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The ongoing tit-for-tat measures have fueled global market uncertainty, with investors bracing for further economic disruptions.
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