Beijing
On April 2, US President Donald Trump’s announcement of reciperook tariff on the world countries, the global trade war began to be feared. Now this trade war seems to be beginning because China is also going to put a task of equality on America. China’s Finance Ministry said on Friday that an additional tariff of 34% will be imposed on all goods imported from the US from April 10. The ministry said that this tariff of China is a reply to the recent tariff of America.
The ministry said in a statement, ‘On 2 April 2025, the US government imposed a reciperook tariff on all the Chinese goods imported in the country. This move of America is against international trade regulations that damage China’s legitimate rights. It is Dadagiri which will not only harm America’s interests but will also danger global economic development, stability of production and supply chain.
The Chinese Ministry urged the US to remove the tariff, saying, “China urges the US to remove its unilateral tariff measures immediately through dialogue so that all the differences about business can be resolved.”
China will also control the export of Rare Earth Metals to America
Angered by the American tariff, China is not only imposing equal tariff on America, but it has also said that it will now control America the export of rare meaning metals.
China has said that it is controlling the export of the US moderate and heavy rare meaning metals i.e. rare-earth metals. These metals include Samaryium, Gadolinium, Terbium, Dysprocyum, Lutetium, Scandium and Yitrium. This control has also been implemented from April 4.
The Commerce Ministry said in a statement, ‘The Chinese government is implementing export control on relevant goods as per law. Its purpose is to protect national security and interests and fulfill international obligations like nuclear non -proliferation.
China had already threatened counter tariffs
Trump had already imposed a tariff of 20% on Chinese goods imported into the US. On April 2, he again imposed a 34% recipe tariff on China, after which America’s tariff on Chinese goods increased to 54%.
On Thursday, China condemned the US reciperook tariff, saying that it would ‘strongly oppose these methods and implement retaliation to protect their rights, interests’.
In a statement on Thursday, the Chinese Ministry of Commerce Criticizing the tariff, calling it a violation of the international trade criteria and argued that it causes great damage to the legitimate rights of the affected countries.
What is tariff?
Tariff is a type of tax, which is imposed on the import of goods. It is also called import duty. The government has to pay this tax to the government. Companies usually put the burden of tariffs on customers.
What is mutual tariff?
Reciprocal tariff means that a country will impose as much tariff on another country as the other country is putting on it. Trump also threatened other countries for mutual tariffs. He had said that we will put as much tariffs on other countries as they put on our products.
How much tariff does America impose on India?
America is already charging 25 percent tariffs on products being exported from India such as steel, aluminum and auto. The remaining products will be charged 10 percent tariffs between April 5-8. After this, 27 percent tariffs will be taken on India’s products from 9 April. More than 60 countries will be affected by the US tariff war.
Why has America announced tariff?
The US claims that tariffs will boost domestic manufacturing in the US and reduce trade deficit. The US is facing large -scale trade imbalances with many countries. America’s trade deficit with China is quite high. America’s trade deficit with India in goods trade was $ 35.31 billion in 2023-24.
Which sectors are exempted from tariffs?
According to the think tank GTRI, essential and strategic objects are exempted from tariffs. Such as pharma, semiconductor, copper and energy products such as oil, gas, coal and LNG.
What will be the effect of tariff on India?
According to Government of India officials, the Ministry of Commerce is analyzing the impact of 27 percent tariffs imposed on India by the US. However, its effect will be mixed and it is not a major setback for India.
What is going on on the trade agreement between India and America?
Prime Minister Narendra Modi visited America in February. At that time, both countries had talked about a trade agreement to increase bilateral trade to $ 500 billion by 2030. The two countries are negotiating to finalize the first phase of the agreement by September-October this year.
What is business agreement?
In the trade agreement, two business partners either reduce imports or export duty on a large scale or eliminate fees on most products. In addition, they make the rules easier to promote business in services and investment.
Are America’s tariffs according to the WTO rules?
According to International Trade Affairs expert Abhijeet Das, these tariffs violate the rules of the World Trade Organization (WTO). The member country has authority and appeal against them by going to the WTO.
