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What is China's exact response to Trump's tariffs? [1]
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Date: 2025-04-04
From Reuters
China strikes back at Trump with own tariffs, export curbs
I have summarized for ease; more information is in the article.
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China's finance ministry matched U.S. duties with additional tariffs of 34% on all U.S. goods from April 10, on top of the 10%-15% tariffs it imposed on some U.S. agriculture goods in March and 10%-15% tariffs on some energy and farming machinery in February.
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Agricultural trade took a deeper hit as Chinese customs imposed an immediate suspension on imports of U.S. sorghum from C&D (USA) INC, as well as inbound shipments of poultry and bone meal from three U.S. firms.
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Beijing also announced controls on exports of medium and heavy rare-earths including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium to the United States, effective April 4
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It added 16 U.S. entities to its export control list, which prohibits exports of dual-use items to the affected firms. The affected include 15 companies in industries including defence and aerospace, as well as non-profit group Coalition For A Prosperous America, which in the past had advocated for the Trump administration to decouple the U.S. economy from China.
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Another 11 U.S. entities were added to the "unreliable entity" list, which allows Beijing to take punitive actions against foreign entities. The targeted firms include Skydio Inc. and BRINC Drones over arms sales to democratically governed Taiwan, which China claims as part of its territory.
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Another 11 U.S. entities were added to the "unreliable entity" list, which allows Beijing to take punitive actions against foreign entities. The targeted firms include Skydio Inc. and BRINC Drones over arms sales to democratically governed Taiwan, which China claims as part of its territory.
"The application of the export controls on these key materials plus some of these additions to the unreliable entity list reflects China's growing tool-kit to retaliate in trade wars," said the Mercator Institute for China Studies' lead analyst for the economy Jacob Gunter.
Well, that is quite an uptick.
I wonder how the buying of TikTok US is going?
This diary is just to clarify what is on the table
The EU is also likely to respond in kind to Trump's Trade War.
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