China replies to Trump’s reciperook tariff, 34 percent fee will be charged on all American goods

China Tariff on America: China has also retaliated on US President Donald Trump’s reciperook tariff. Now China has also announced to impose 34 percent tariffs on goods imported from America from April 10. With this, the Chinese Ministry of Commerce has included 11 American companies in the list of their ‘unresnovable entity’. That is, it is declared non -reliable. These companies will no longer be able to do business in China or with Chinese company.

China banned these things on exports

Not only this, the Ministry has also implemented a licensing system to stop the export of seven such rare and heavy metallic elements to the US. The mining of these elements takes place in China and in China itself, the work of processing it is also done. They are used in everything from electric cars to smart bombs.

The Ministry of Commerce also announced that China has also started an investigation on American exports of medical imaging equipment, it is one of the few manufacturing categories in which the US remains competing internationally. Apart from this, China will also stop imports of chicken and tide from America.

Who will suffer more loss?

However, the impact of this new tariff of China will be less than Trump’s reciperook tariff because China sells things to America more than buying. Last year, China bought US $ 147.8 billion US semiconductor, fossil fuel, agricultural products and other products. America sold many more products like smartphones, furniture, toys of $ 426.9 billion. After Mexico, China seeks the most things from America. America’s largest export market after Canada and Mexico is America. However, where Trump has excluded the semiconductor and pharmaceuticals industry from the tariff, China has not given any discount in the tariff.

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