China Announces Extra 34% Tariffs on US Goods

China Announces Extra 34% Tariffs on US Goods

• China on Friday announced a slew of additional tariffs and restrictions against U.S. goods, The Finance Ministry said it would impose additional tariffs of 34% on all U.S. goods from April 10.
• 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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