China announced on Friday a series of countermeasures against the rates imposed by President Donald Trump, including additional 34 percent tariffs on all US assets. And the curbs in the export of some rare earths, deepening a growing commercial war.
China’s Ministry of Finance said that additional rates will be imposed from April 10.
Trump announced Wednesday that China would be beaten with a 34pc tariff, in addition to the 20 percent imposed at the beginning of this year, carrying the total of new levies at 54pc.
The agricultural trade received another success since Chinese customs imposed an immediate suspension to the sorghum imports of the C&D grain exporter (USA) inc, as well as the birds of Corral and the Bonemeal of three US companies.
Beijing also announced controls on medium and heavy rare exports, including samario, gadolinio, terbium, disposio, lutetio, Scandio and Yttrium to the US. UU., As of April 4.
The statement called the reciprocal tariffs of the United States Unilations “bullying,” and added that they violate the rules of international trade and damage the rights and interests of China, China, Anadolu Agency reported.
“The purpose of the implementation of the Chinese government of export controls in relevant elements in accordance with the law is to better safeguard national security and interest, and comply with international obligations such as non -proliferation,” said the Ministry of Commerce in a statement.
He also added 16 American entities to his export control list, which prohibits the export of double -use items to affected companies.
Another 11 US companies were added to the list of “unreliable entities”, allowing Beijing to take punitive measures against foreign entities. Specific companies include Skydio Inx and Brinc Drones on weapons sales to Taiwan democratically governed, which China affirms as part of its territory.
The Ministry of Commerce said that specific companies “undermined” the national interests of sovereignty, security and development of China and would be banned from new investments, import and export activities in China.
He also launched an anti -dumping probe imports of certain medical CT tubes of the United States and India, and a broader research of industry competitiveness on medical CT tubes imports.
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Additional contributions from the Anadolu agency
