China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following Trump’s “Liberation Day” tariffs.
The new tariff matches the rate of the U.S. “reciprocal” tariff of 34% on Chinese exports that Trump ordered this week.
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.
Additionally, the Chinese government said it has added 27 firms to lists of companies subject to trade sanctions or export controls.
16 are subject to a ban on the export of “dual-use” goods. High Point Aerotechnologies, a defense tech company, and Universal Logistics Holding, a publicly traded transportation and logistics company, were among those listed.
Beijing also announced it filed a lawsuit with the World Trade Organization over the tariffs issue.
▶ Read more about China’s retaliatory measures to Trump’s tariffs
