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Forbes
4 Apr 2025
China will impose an additional 34% import duty on all U.S. goods starting next week, in retaliation against President Donald Trump’s decision to impose a 34% “reciprocal tariff” on Chinese goods, the state media announced on Friday.
According to the state-controlled Xinhua News agency, the additional 34% tariff will go into effect on April 10.
In addition to the tariffs, China’s Ministry of Commerce announced expanded export controls controls for rare earths to the U.S. with immediate effect.
This is a developing story.