China will impose 34% tariffs on all American goods: The trade war has started with the announcement of various tariffs on countries around the world on 2 April by US President Donald Trump. Most of the countries of the world have opposed tariffs and have also shown a desire to react to it. In such a situation, now China has also announced a tariff on America.
China today announced 34 percent tariffs on US products. China’s Finance Ministry has said that the US government is imposing tariffs on Chinese goods, which is against international trade rules and is a violation of our rights. “This type of bullying will only harm American interests and pose a threat to global economic development and supply chains.” China had earlier appealed to the US to resolve differences through negotiations.
In response to the US, China has announced 34 percent tariffs and export control. China has so far been supplying rare metals like Samaryium, Gadolinium and Terbium to the US. However, the export of all these rare metals will be banned from April 4.
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