China has announced a new round of measures in response to the ongoing trade war with the United States. In a move that is expected to have significant implications for global trade, China has imposed export controls on certain rare earth-related items. This decision comes as tensions between the two economic powerhouses continue to escalate.
In addition to the export controls, China will also be applying a 34% tariff on all goods imported from the United States, starting on April 10th. This move is seen as a direct retaliation to the tariffs imposed by the Trump administration on Chinese imports.
Rare earth metals are a group of minerals that are essential for the production of a wide range of high-tech products, including smartphones, electric vehicles, and military equipment. China is the world’s largest producer of rare earth metals, and its decision to impose export controls on these items could have far-reaching consequences for industries that rely on these materials.
The trade war between the United States and China has been ongoing for several years, with both countries imposing tariffs on each other’s goods in an attempt to gain leverage in trade negotiations. The latest round of tariffs and export controls is likely to further strain relations between the two economic giants and could lead to increased uncertainty in global markets.
The impact of China’s decision to impose tariffs and export controls on rare earth metals remains to be seen, but it is clear that the trade war between the United States and China shows no signs of abating anytime soon. As both countries continue to engage in tit-for-tat measures, the global economy stands to be significantly affected by the ongoing dispute.
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Video “China imposes tariffs on US” was uploaded on 04/04/2025 to Youtube Channel Al Jazeera English