{"id":17329,"date":"2025-04-04T12:40:54","date_gmt":"2025-04-04T12:40:54","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trumps-trade-war-escalates-as-china-retaliates-with-34-tariffs\/"},"modified":"2025-04-04T12:40:54","modified_gmt":"2025-04-04T12:40:54","slug":"trumps-trade-war-escalates-as-china-retaliates-with-34-tariffs","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trumps-trade-war-escalates-as-china-retaliates-with-34-tariffs\/","title":{"rendered":"Trump\u2019s Trade War Escalates as China Retaliates With 34% Tariffs"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">China has struck back at President Trump.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Friday evening in Beijing, in a rapid fire series of policy announcements including 34 percent across-the-board tariffs, China showed that it has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from around the world.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">China\u2019s Finance Ministry said it will match Mr. Trump\u2019s plan for <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/trump-venezuela-oil-tariffs-china.html\" title=\"\">34 percent<\/a> tariffs on goods from China with its own 34 percent tariff on imports from the United States.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Separately, China\u2019s Ministry of Commerce said it was adding 11 American companies to its list of \u201cunreliable entities,\u201d essentially barring them from doing business in China or with Chinese companies. The ministry imposed a licensing system to restrict exports of seven rare earth elements that are mined and processed almost exclusively in China and are used in everything from electric cars to smart bombs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The commerce ministry also announced it was beginning two trade investigations into American exports of medical imaging equipment \u2014 one of the few manufacturing categories in which the United States remains internationally competitive.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">China\u2019s General Administration of Customs said that it would halt chicken imports from five of America\u2019s biggest exporters of agricultural commodities and sorghum imports from a sixth company.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The new tariffs will hit fewer goods than President Trump\u2019s tariffs only because China sells far more to the United States than it buys. China bought $147.8 billion worth of American semiconductors, fossil fuels, agricultural goods and other products last year. It sold $426.9 billion worth of smartphones, furniture, toys and many other products to the United States.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">China is America\u2019s second-largest source of imports, after Mexico, and third-largest export market, after Canada and Mexico.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But while President Trump\u2019s tariffs exempted some large categories of imports, like semiconductors and pharmaceuticals, the Chinese tariffs have no exemptions.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Beijing\u2019s actions triggered a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/stocks-trump-tariffs.html\" title=\"\">sharp decline<\/a> in futures markets for American shares, in an indication that Wall Street may open sharply lower after posting its worst single-day result since 2020 on Thursday.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">China\u2019s Finance Ministry issued a statement strongly criticizing Mr. Trump\u2019s tariffs, which will begin to take effect on Saturday and fully kick in next Wednesday. \u201cThis practice of the U.S. is not in line with international trade rules, seriously undermines China\u2019s legitimate rights and interests, and is a typical unilateral bullying practice,\u201d the ministry said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Chinese tariffs are scheduled to take effect next Thursday \u2014 12 hours after the American tariffs take effect.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Jude Blanchette, director of the RAND China Research Center, said China\u2019s forceful response was \u201cinevitable\u201d after Mr. Trump introduced his sweeping tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cBeijing can no longer maintain the fiction that diplomatic engagement with the Trump administration will prevent a full-scale trade war,\u201d Mr. Blanchette said. \u201cDespite White House warnings against retaliation, the total tariffs imposed on China are now so substantial that Beijing has little reason to exercise restraint.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The escalatory cycle also further dims hope of any summit soon between Mr. Trump and China\u2019s top leader, Xi Jinping. Mr. Xi\u2019s aides have been <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/31\/business\/trump-xi-summit-tariffs.html\" title=\"\">wary of scheduling any meeting<\/a> between the two men unless a detailed agenda and resolution of pending issues can be worked out in advance.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Friday\u2019s countermeasures highlight the retaliatory toolbox at China\u2019s disposal, one reason Beijing feels it is better prepared to weather a trade war with the United States today than it was during the first Trump administration, said Wang Dong, executive director of the Institute for Global Cooperation and Understanding at Peking University.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIf the Trump administration\u2019s hope is to pressure China to cave in, then it\u2019ll be a non-starter,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Wang said Beijing is also betting that Mr. Trump will come under growing pressure at home to ease some of his tariffs because of the harm it might do to the U.S. economy.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cChina is in a better position to win this round of trade frictions,\u201d Mr. Wang said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump has contended that steep tariffs are essential to halt a long decline in America\u2019s share of global manufacturing, by protecting the American market from a flood of imports. The White House has also said that the tariffs are needed to preserve the remaining industrial capacity of the United States to make munitions in case of military conflicts.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">China\u2019s ambitious \u201cMade in China 2025\u201d industrial policy, which began in 2015, has made the country largely self-reliant in the production of many industrial goods, from electric cars to solar panels. While Chinese officials were caught off guard by Mr. Trump\u2019s trade actions in 2018 and 2019 and sometimes took a few days to respond, they have moved much faster this year.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">They acted on Friday, 36 hours after his latest tariffs, even though it was a national holiday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But the Chinese economy depends heavily on exports, which is why Mr. Trump\u2019s tariffs have caused alarm in Beijing and across the country. China\u2019s trade surplus last year in manufactured goods \u2014 the amount by which exports exceeded imports \u2014 was equal to a tenth of the entire economy and rising.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Chinese officials said this week that if tariffs restrict their access to the American market, they will shift exports to other markets. But China already runs large and widening surpluses with most of Europe and the developing world, triggering a wave of tariffs by countries elsewhere on Chinese goods.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">China has been more cautious about responding to those tariffs, as it has tried to portray Washington as leading a global shift toward protectionism.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump also imposed steep tariffs this week on <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/trump-china-tariffs.html\" title=\"\">imports from dozens of other countries<\/a>. Many of these countries rely on running large trade surpluses with the United States to pay for their big trade deficits with China.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Some of these countries \u2014 like Vietnam, Cambodia, Malaysia and Mexico \u2014 buy enormous quantities of components from China for assembly into finished goods for sale to the United States, with little or no tariffs paid. If the new U.S. tariffs stay in effect, China\u2019s exports to these countries could also wither.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">China\u2019s new export licensing system for rare earth metals may trigger further difficulties for American industry, and possibly for companies in Europe and elsewhere as well. Previous introductions of export licenses for other minerals have resulted in months of delays as civil servants and companies figure out the new rules.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">China imposed a two-month freeze on shipments of rare earths to Japan in 2010 during a territorial dispute.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Obama administration responded by calling for the United States to restart its own mining and processing of rare earths, which mostly shut down in the 1990s. But 15 years after the Japan embargo, mining has resumed in the United States but most of the ore is shipped to China for processing into valuable materials, as rare earths refining has proved technically challenging.<\/p>\n<p class=\"css-798hid etfikam0\">Claire Fu<!-- --> contributed reporting from Seoul.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/business\/china-trump-tariffs-retaliation.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has struck back at President Trump. On Friday evening in Beijing, in a rapid fire series of policy announcements<\/p>\n","protected":false},"author":1,"featured_media":17330,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[349,239,114,338,3533,113,168],"class_list":["post-17329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-china","tag-customs-tariff","tag-donald-j","tag-international-trade-and-world-market","tag-ministry-of-commerce-china","tag-trump","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump\u2019s Trade War Escalates as China Retaliates With 34% Tariffs - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/trumps-trade-war-escalates-as-china-retaliates-with-34-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s Trade War Escalates as China Retaliates With 34% Tariffs - World News\" \/>\n<meta property=\"og:description\" content=\"China has struck back at President Trump. 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