China has responded to Donald Trumpâs new trade tariffs with its own charges on US goods. After Trump announced the imposition of an additional 34 percent charge on Chinese imports into the US, China has announced a levy at the same rate for US goods shipped to China.
It has also barred 11 US companies from trading in the country, applied new restrictions to rare earth mineral exports, filed a lawsuit with the World Trade Organization (WTO), and started investigations into imports of American medical equipment.
In a statement announcing the new tariff, Chinaâs finance ministry declared that the US tariff on Chinese goods âseriously undermines China’s legitimate rights and interests,â and called it a âtypical unilateral bullying practice.â
Trump announced his latest levy on Chinese imports as part of new tariff rates that affect every country the US trades with, including a few uninhabited islands. It followed two separate 10 percent tariffs from earlier in the year, bringing the USâs total tariff on Chinese goods to 54 percent. He also signed an executive order ending the âde minimisâ exemption for packages valued below $800, which could be a death blow for C …
