China Hits Back at Trump With Tariffs, Limits on Key Exports
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China retaliated against Donald Trump’s latest tariffs with commensurate levies on all American goods and export controls on rare earths, dealing a fresh blow to global markets and prompting the US president to quickly deride Beijing’s reaction as the “wrong” move.
President Xi Jinping’s government will impose a 34% tariff on all imports from the US starting April 10, matching the level of Trump’s so-called reciprocal tariffs on Chinese products. Authorities in Beijing also announced other measures including: