China Fights Back US Tariffs with 34% Duties and Export Controls

China has officially responded to the Trump administration’s new “Liberation Day” tariffs by introducing its own set of retaliatory measures. Starting April 10, Beijing will enforce a 34% tariff on all US imports, matching the rate imposed by Washington.

In a statement released by the Chinese Ministry of Finance, the new US tariffs were described as a form of “unilateral bullying.” The ministry called on the United States to withdraw its trade measures and return to negotiations “based on equality, respect, and mutual benefit.”

Export Restrictions and Sanctions

Alongside the new tariffs, China announced restrictions on the export of rare earth minerals—materials critical to industries such as semiconductors, electric vehicles, and defense technology. These restrictions take effect immediately.

Beijing also expanded its list of banned foreign entities. Eleven US defense and drone technology companies have been prohibited from conducting business or exports within China. Additionally, 16 other American firms were added to China’s export control list, limiting their access to Chinese markets and supply chains.

China’s Ministry of Commerce has also filed a formal complaint with the World Trade Organization (WTO), arguing that the US tariffs violate WTO rules.

Impact on Trade

According to official trade data, the United States exported $143.5 billion worth of goods to China in 2024. The new tariffs and restrictions are expected to impact a wide range of sectors, potentially escalating tensions further unless both sides return to negotiations.