China will impose a 34% tariff on imports of all US products beginning on April 10.
Beijing’s new tariff matches the rate of the US « reciprocal » tariff of 34% on Chinese exports Donald Trump ordered this week.
China’s Commerce Ministry also said it will impose more export controls on rare earths, used in high-tech products such as computer chips and electric vehicle batteries.
Included in the list of minerals subject to controls was samarium and its compounds, which are used in aerospace manufacturing and the defence sector. Another element called gadolinium is used in MRI scans.
China’s customs administration said it had suspended imports of chicken from two US suppliers, Mountaire Farms of Delaware and Coastal Processing. It said Chinese customs had repeatedly detected furazolidone, a drug banned in China, in shipments from those companies.
The Chinese government also said it has added 27 firms to lists of companies subject to trade sanctions or export controls.
Among them, 16 are subject to a ban on the export of « dual-use » goods. High Point Aerotechnologies, a defence 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 Organisation over the tariffs issue.
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